Retail sales accelerated and industrial production topped expectations over the first two months of the year.

U.S. tariffs will inflict significant harm on the U.S. economy as other countries hit back with "high tariffs" on American goods, Chinese state media warned, leaving the door open for more measures by Beijing as another wave of levies looms.

Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.