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China’s factory output and consumption beat forecasts, while property investment contraction slows
China’s industrial output grew 6.3% and retail sales rose 2.8%, beating forecasts despite a continued slowdown in property investment contraction, National Bureau of Statistics reported.
- National Bureau of Statistics data on Monday showed China’s industrial output rose 6.3% in January and February, beating expectations in Wind and Reuters polls.
- China treats the January–February package as part of the 'two sessions' after the long public holiday, as Beijing pledged to make domestic demand a 'strategic anchor'.
- Fixed-Asset investment contracted 17.2% in January–February, reflecting a property sector slump and tighter local-government borrowing, following a 3.8% 2025 decline.
- Against this backdrop, policymakers set a 2026 GDP growth target of 4.5% to 5%, while investment in real estate development fell 11.1%, moderating from the 17.2% drop in 2025.
- Despite quicker-than-expected early demand, retail sales grew 2.8% in January–February, helped by holiday spending, beating economists' forecast but slowing from last year's 4% growth.
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right3Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 25%
Factuality
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