China's retail sales falter as virus rebounds

Beijing (AFP) Aug 16, 2021

Growth in China's retail sales and industrial production slowed in July, official data showed Monday, with a rebound of Covid-19 dragging on demand while recent floods disrupted businesses. The world's second-largest economy staged a rapid recovery from last year's coronavirus outbreak, beating back the virus with mass testing and strict lockdowns. But a flare-up across the country due t