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China economy’s broad recovery from coronavirus continues, as retail sales grow for first time in 2020

Industry, retail and investment all showed marked improvements in August, as the Chinese economy continued its broad-based recovery from the ravages of the coronavirus earlier this year, according to new data released by the National Bureau of Statistics on Tuesday.Retail sales, a vital metric of consumption in the world’s biggest market, grew by 0.5 per cent compared to the same month last year, up from minus 1.1 per cent in July and ahead of analysts’ expectations of 0.0 per cent growth…

Read the original article at South China Morning Post

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