Fixed asset investment – a gauge of expenditure on items including infrastructure, property, machinery and equipment – grew by 35 per cent in the combined figures for January and February compared to a year earlier. Photo: AFP
Fixed asset investment – a gauge of expenditure on items including infrastructure, property, machinery and equipment – grew by 35 per cent in the combined figures for January and February compared to a year earlier. Photo: AFP

China economy advanced in January and February, but mixed data underscores uneven nature of recovery

  • Retail sales grew by 33.8 per cent in the combined figures for January and February, while industrial production grew by 35.1 per cent from a year earlier
  • Last week, Premier Li Keqiang confirmed China had set an economic growth target of ‘above 6 per cent’ for 2021 after the economy grew by 2.3 per cent last year

Fixed asset investment – a gauge of expenditure on items including infrastructure, property, machinery and equipment – grew by 35 per cent in the combined figures for January and February compared to a year earlier. Photo: AFP
Fixed asset investment – a gauge of expenditure on items including infrastructure, property, machinery and equipment – grew by 35 per cent in the combined figures for January and February compared to a year earlier. Photo: AFP
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