China industrial output and retail sales surge in Covid-19 rebound – business live

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Rolling coverage of the latest economic and financial news

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. China’s economy has made a rapid bounce back from the pandemic slump, with factory production and consumer spending both surging at the start of this year. Fresh economic data overnight smashed forecasts, with China’s industrial production spiking by 35.

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