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Combined data for January and February 2020 showed that industrial production, retail sales and asset investment all declined far more than analysts expected. As many economic experts expected, lockdowns ordered to control the coronavirus that causes Covid-19 proved to be a constraint to economic growth. As John Carter and Finbarr Bermingham from the South China Morning Post’s political economy team explain, while the government says the economy is starting to get back to normal, the new numbers show how much ground the nation needs to cover before things return to normal.
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