CHINA's industrial output rose 3.9 per cent in March year on year, official data showed, accelerating from a 2.4 per cent increase in the first two months but missing expectations slightly amid a post-Covid economic recovery, reports Reuters.
Retail sales rose 10.6 per cent, beating forecasts for a 7.4 per cent increase by a large margin. It was also faster than the 3.5 per cent increase in January-February.
Fixed asset investment in January-March slowed to 5.1 per cent growth year on year, versus expectations for a 5.7 per cent increase. It grew 5.5 per cent in the January-February period.
Chinese policymakers have pledged to step up support for the world's second-largest economy this year after dismantling Covid curbs in December.
SeaNews Turkey
Retail sales rose 10.6 per cent, beating forecasts for a 7.4 per cent increase by a large margin. It was also faster than the 3.5 per cent increase in January-February.
Fixed asset investment in January-March slowed to 5.1 per cent growth year on year, versus expectations for a 5.7 per cent increase. It grew 5.5 per cent in the January-February period.
Chinese policymakers have pledged to step up support for the world's second-largest economy this year after dismantling Covid curbs in December.
SeaNews Turkey