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Str i ct COVID -19 restrictions impact Chinese economy Economy Beijing, May 16, 2022 Industrial production in China unexpectedly fell by 2.9 per cent in April compared to the same period in 2021 amid continued strict COVID -19 restrictions [.] This is according to official figures released Monday [.] Meanwhile, retail sales also fell more sharply than analysts had predicted, by as much as 11.1 per cent, the Bureau of Statistics said [.] COVID outbreaks in April had a big impact on the economy, but the impact is short-term,’’ Bureau of Statistics spokesman Fu Linghui said [.] “With progress in...
