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

Steep decline in travel hits stores while manufacturers reap benefits

20210315N Man sleeping in Beijing station.

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

IORI KAWATE, Nikkei staff writer

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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