China's post-pandemic recovery varies widely by province

COVID and carbon policy expand economic gap between north and south

20210730 Caixin Beijing Prada RC2S1L9417F6

The growth trend in total retail sales of consumer goods in each province strongly correlated with economic performance. © Reuters

YU HAIRONG, CHENG SIWEI and DENISE JIA, Caixin

As China's economy continues to recover from the pandemic, growth in each province has varied, reflecting different consumption rebounds and the uneven effects of the central government's carbon policy.

Among China's 31 provinces and provincial-level municipalities, 27 reported first-half economic results as of July 23. Hubei, the center of the COVID-19 outbreak last year, achieved the highest year-on-year growth at 28.5% -- triple the 9.1% expansion recorded by the landlocked northwestern province of Qinghai, which was the lowest.

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