China’s Recovery Still Uneven With Industrial Sector Lagging
- Services activities rebounded sharply after holiday ended
- Home and car sales fell, while exports may continue to weaken
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China’s economy rebounded in February after the long holiday, although early indicators point to an uneven recovery with strong consumption following the scrapping of Covid rules but lagging industrial activity.
That’s according to Bloomberg’s aggregate index of eight early indicators, which showed growth momentum this month maintained the pace seen in January, with the overall gauge staying unchanged at 4. The economy slowed at the end of 2022 as the Covid spread around the country, before beginning to pick up last month.