China on Monday reported economic data for the first two months of the year that beat analysts’ expectations.
Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters' poll, while industrial production increased 7%, compared with estimates of 5% growth.Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year.
Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year. Economic figures for January and February are typically combined in China to smooth out variations from the Lunar New Year, which can fall in either month depending on the calendar year. It is the country's biggest national holiday, in which factories and businesses remain closed for at least a week.
New loans in February missed expectations and fell from the prior month,"even after adjusting for seasonality," Goldman Sachs analysts said in a report Friday.
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