China factory output, retail sales weak as Covid shadow persists

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BEIJING, China (AFP) — China’s factory output and retail sales remained weak in May, official data showed Wednesday, with tepid demand and lingering Covid restrictions putting a damper on growth in the world’s second-largest economy. The government is persisting with a zero-Covid strategy to stamp out clusters as they emerge, but this has placed companies and consumers at the mercy of snap, economically damaging lockdowns. Retail sales sank 6.7 percent on-year in May, the National […]