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World News | China’s post-epidemic rebound is off to an uneven start

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Beijing [China]March 16 (ANI): China’s National Bureau of Statistics (NBS): China’s post-epidemic rebound got off to an uneven start, with retail sales growth only in line with expected percentages in the first two months of 2023, real estate investment falling further) said in a statement .

Industrial output in the January-February period was less impressive – rising 2.4% year-on-year, below expectations.

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Retail sales rose 3.5%, in line with expectations and flat year-over-year.

According to the National Bureau of Statistics, from January to February, the national fixed asset investment (excluding rural households) was 5,357.7 billion yuan, a year-on-year increase of 5.5%, and the growth rate was 0.4 percentage points faster than the previous year. 2022; two-year average growth rate of 8.8%.

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“Among them, infrastructure investment increased by 9.0% year-on-year, manufacturing investment increased by 8.1%, and real estate development investment decreased by 5.7%. The sales area of ​​commercial housing was 151.33 million square meters, a decrease of 3.6%; the sales of commercial housing was 1,544.9 billion yuan, a decrease of 0.1%.

“In terms of industries, investment in the primary industry increased by 1.5%, investment in the secondary industry increased by 10.1%, and investment in the tertiary industry increased by 3.8%. Private investment increased by 0.8%. Investment in high-tech industries increased by 15.1%. The investment in technical service industry increased by 16.2% and 12.3% respectively.

At the same time, from January to February, the total value of import and export of goods was 6,176.8 billion yuan, a year-on-year decrease of 0.8%. Exports were 3,493.6 billion yuan, an increase of 0.9%; imports were 2,683.3 billion yuan, a decrease of 2.9%.

From January to February, the ex-factory price of industrial producers fell by 1.1% year-on-year. In January, the ex-factory price of industrial producers decreased by 0.8% year-on-year and 0.4% month-on-month. In February, the year-on-year decrease was 1.4%, which was the same as that of the previous month. From January to February, the purchase price of industrial producers decreased by 0.2% year-on-year. (Arnie)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)

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