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I came across the following sentence on the BBC new.
China's headline annual economic growth numbers are important to the rest of the world - but so too are other monthly economic data as they can provide a more in-depth look at the economy and where it's heading.
I am wondering what 'but so too' means. Does that mean monthly economic data is more important than annual economic growth numbers?
It means that not only the headline annual economic growth numbers of China are important to the rest of the world - China's other monthly economic data is important to the rest of the world too.
China's annual economic growth numbers and other monthly economic data are all important to the rest of the world.
China's annual economic growth numbers are important to the rest of the world and so are China's other monthly economic data.
"So", in here, refers to "important to the rest of the world". Then it simply means both are equally important.
