£China's industrial production rose by seven per cent in January-February, beating analysts's expectations for five per cent, rising from a gain of 6.8 per cent in December and logging the fastest increase in almost two years. Retail sales also surpassed forecasts, growing by 5.5 per cent versus estimates for an increase of 5.2 per cent to mark the 13th consecutive monthly gain. This provides some relief to China's policymakers who have been battling against a multi-year property crisis, problems with deflation and weak consumer confidence. China has set out an ambitious growth target of five per cent for 2024.

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(c) 2024 City A.M., source Newspaper