-- China’s factory output and investment grew more strongly than expected at the start of the year, as Beijing targets an ambitious annual economic growth goal of around 5%.Saudi Wealth Fund Said to Be in Talks to Buy National AirlineIndustrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said Monday, faster a median estimate of 5.2% rise by economists surveyed by Bloomberg. Retail sales increased 5.
Beijing has sweetened its fiscal package, embarking on a program to sell ultra-long special sovereign bonds in 2024 and in the years to come. It’s also fleshing out a plan to upgrade industrial equipment and boost household spending in consumer goods, pledging to help fund the program possibly worth hundreds of billions of yuan with budget money.
The National Bureau of Statistics doesn’t provide figures for January alone. It releases only combined readings for the first two months of each year to smooth out volatility from the Lunar New Year holiday, which shuts down most factories and businesses and can fall on either month in any given year.
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China’s Growth Beats Estimates as Production, Investment Rev UpChina’s factory output and investment grew more strongly than expected at the start of the year, as Beijing targets an ambitious annual economic growth goal of around 5%.
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