China’s economic activity surged in the first two months of the year, underscoring the strength of its "V-shaped" recovery a year after the world’s first coronavirus lockdown.
The official figures released Monday show eye-popping growth rates of more than 30% for industrial production, retail sales and fixed asset investment, though the data is distorted by comparisons from a year ago when the economy was virtually shut down. Growth has since rebounded on the back of strong industrial output and export demand, while consumer spending has slowly picked up.
Key highlights of the data: