released by the country's statistics authority on Monday — the latest sign that the world's second-largest economy is on the road to recovery from the impacts of the coronavirus pandemic.
However, Beijing reported 57 new coronavirus cases on Sunday — its highest number in two months — and officials have reimposed regional lockdown measures in certain areas. Chinese consumer spending is a crucial measure for the economy and a boost in purchases in May propelled an increase in home and auto sales.
Big ticket items helped drive retail sales up, with auto sales increasing 3.5% compared to the same period in 2019.How Fidelity spurred a 147% productivity increase during the coronavirus pandemic, setting it up to hire thousands more workers
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