BEIJING, March 15 ― Chinese retail sales rebounded in January and February as Beijing abandoned its suffocating zero-Covid policy, reopening borders and ending mandatory quarantine, and the country celebrated the Lunar New Year holiday.
China usually releases January and February economic data together to ensure they are not skewed by the long Chinese New Year holiday. In a sign of the troubles facing the property sector, the NBS figures showed investment in real estate fell 5.7 per cent in January-February as it continues to feel the effects of a government crackdown to curb risky borrowing by developers.
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