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China’s Factories, Consumers Make High-Speed Start to Year
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HONG KONG—China’s economy got off to a racing start this year as factories churned out more goods and consumers dug deeper into their wallets.
While industrial output and retail spending in the first two months blew past analysts’ expectations, a rapidly spreading Covid-19 outbreak and the impact of war in Ukraine threaten an early end to the party and throw into doubt China’s ambitious target for economic growth of around 5.5%.
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