Chinese retail sales up in New Year after virus easing

China retail sales up after COVID reopening

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. The 3.5 percent growth, released by the National Bureau of Statistics, came in line with expectations and was much better…

Chinese retail sales up in New Year after virus easing

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Retail sales drop slightly in February after jump in January spending

America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment.

Retail sales drop in February after consumer spending surge

There was also a surprising drop in wholesale prices, which may suggest easing inflation pressures.