Posted 3/18/2024, 4:00:12 PM
China's Economy Shows Signs of Recovery But Growth Challenges Persist
- Property sector remains weak, with real estate investments down 9% year-on-year in January-February
- Retail sales got a boost from Lunar New Year spending, up 5.5%, but outlook uncertain without stimulus
- Infrastructure and manufacturing investments holding up economic growth so far
- Industrial output improved to 7% growth thanks to export strength
- While economy shows some recovery, achieving 5% GDP growth target still looks challenging due to structural drags
