China's Economic Recovery Faces Challenges as Key Economic Activity Data Reveals Mixed Trends
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China's economy continues to show signs of recovery, with upbeat industrial output and retail sales in the January-February period. Industrial output rose by 7.0%, surpassing expectations, while retail sales increased by 5.5% . Fixed asset investments, including infrastructure projects, expanded by 4.2% to 5.08 trillion yuan in the same period . However, the frailty of the property sector remains a concern. Property investment declined by 9.0% year-on-year during the same period, and property sales by floor area experienced a significant drop of 20.5% . The weak performance of the property sector has been a drag on the overall economy. Additionally, the job market worsened, with the nationwide survey-based jobless rate reaching 5.3% in January-February .
Premier Li Qiang has acknowledged ...
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