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16th Jun 2022 00:00China+, Daily Monitor

Reopening has proceeded faster than we expected in China, prompting a larger immediate rebound.

Industrial production in particular has benefitted from a return to normal, and an export backlog.

Subsidies helped to prop up retail sales, but likely reallocated, rather than boosted, consumption.

electricity exports fai growth fuel furniture government household demand industrial production infrastructure investment June local governments manufacturers manufacturing May pmis retail sales unemployment us youth unemployment

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Keywords for: China's Reopening Rebound Gets Going, but Watch New Cases

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