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China Retail Sales, Industrial Production Growth Exceed Expectations

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

China's retail sales and industrial production as well as fixed asset investment grew more than expected during the January to February period, signaling a strong start to the year.

Retail sales advanced 6.7 percent on a yearly basis in January to February period, data from the National Bureau of Statistics showed on Tuesday. This was bigger than the economists' forecast of 3.0 percent but the pace of growth slowed from 12.5 percent expansion seen in December.

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