China economy advanced in January and February, but mixed data underscores uneven nature of recovery

China’s economy continued to advance, combined figures for January and February released on Monday showed, although the numbers are difficult to interpret due to the weak comparison base from a coronavirus-hit 2020.Both retail sales and industrial production data were stronger than expected, suggesting that the economy continued to gain momentum in the first quarter of 2021. However, fixed asset investment growth was lower than expected, while rose during the first two months of the year,…

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