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China Serves Up Indecipherable Surge In Retail Sales, Factory Output
A year ago today, China reported what, as far as I know, was the first simultaneous contraction in retail sales, industrial output and fixed asset investment in history.
The world's second-largest economy was the first to institute draconian lockdowns to contain the spread of COVID-19. The measures succeeded in stopping the spread, but it's unlikely that anyone outside of top Party officials will ever know how many Chinese actually died from the virus or complications. It's safe to say the real
“Some suggested that comparing [the numbers] to 2019 is a useful exercise….”
Indeed. S/b SOP over the next twelve months for any analyst weighing in on the numbers.
Go to just about any retail outlet and you’ll find it hard to find anything on the shelves made in America. A large percentage of the goods are made in China. We are starting to come out of the pandemic. Question the numbers out of China if you want… but the overall result is still the same.