China has reported its manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy
Excavators work on the top of a building near the central business district in Beijing in Beijing, China, Monday, March 18, 2024. China's manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday.
's annual legislative session earlier this month will promote “stable and healthy development," National Bureau of Statistics spokesperson Liu Aihua told reporters. “Industrial production was a sizable beat, supported by strong exports in the month, while fixed assets investments on the other hand, were likely supported by a state-driven push early this year,” said Louise Loo of Oxford Economics in a note.