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Economy

Factories win, retail loses in China's no-travel New Year

Steep decline in travel hits stores while manufacturers reap benefits

Many people refrained from travelling to their hometowns during the Lunar New Year holiday this year.    © Kyodo

BEIJING -- China's economy rebounded sharply in the first two months of this year from the virus-driven lockdowns and factory shutdowns of 2020, government data released Monday shows, but a monthly breakdown paints a more complicated picture.

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