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Coronavirus recovery: what China’s blockbuster August economic data reveals

China’s blockbuster August data shows that the country’s economic recovery has gained further strength after its V-shaped rebound in the second quarter.All major activity indicators beat market expectations, with industrial output growing 5.6 per cent year on year, and a 0.8 percentage point rise from July, bouncing back to its pre-crisis level much faster than anticipated. Also impressive was the fact retail sales registered their first year-on-year gain, 0.5 per cent, in 2020, rebounding 1.6…

Read the original article at South China Morning Post

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