CHINA's economic growth was buoyed by strength in factory output and investment at the start of the year, while a revival in consumption continues to show more muted progress, reports Caixin.
Industrial output rose seven per cent in January-February from the same period a year earlier, the National Bureau of Statistics said, much faster than economist estimates.
Growth in fixed-asset investment accelerated to 4.2 per cent, also stronger than forecasts. Retail sales increased 5.5 per cent, roughly in line with projections.
'The economy is stabilising with the help of supply-side stimulus and some improvement in export demand,' said Michelle Lam, Greater china economist at Societe Generale, citing the positive investment and industrial data. She said 'consumer demand remained the weak spot.'
The strong industrial and investment figures add to evidence of more traction for the world's second-largest economy after Beijing ramped up stimulus late last year.
Earlier, export growth exceeded expectations. Building and sustaining momentum is key to achieving Beijing's growth target for this year of around five per cent-that's the same as 2023's, but harder to attain given a less favorable comparison base.
SeaNews Turkey
Industrial output rose seven per cent in January-February from the same period a year earlier, the National Bureau of Statistics said, much faster than economist estimates.
Growth in fixed-asset investment accelerated to 4.2 per cent, also stronger than forecasts. Retail sales increased 5.5 per cent, roughly in line with projections.
'The economy is stabilising with the help of supply-side stimulus and some improvement in export demand,' said Michelle Lam, Greater china economist at Societe Generale, citing the positive investment and industrial data. She said 'consumer demand remained the weak spot.'
The strong industrial and investment figures add to evidence of more traction for the world's second-largest economy after Beijing ramped up stimulus late last year.
Earlier, export growth exceeded expectations. Building and sustaining momentum is key to achieving Beijing's growth target for this year of around five per cent-that's the same as 2023's, but harder to attain given a less favorable comparison base.
SeaNews Turkey