China's Economy Rebounds After Holiday but Property Woes Persist

• China's economy rebounded in early 2024 after Lunar New Year holiday, with retail sales up 5.5% and industrial output up 7%

• However, property investment continued to decline, falling 9% in January-February

• Fixed asset investment rose 4.2% and private investment grew 0.4% in January-February

• Urban unemployment rate held steady at 5.3% in January-February

• China faces uncertainties like external complexity and insufficient domestic demand