China’s economic rebound continues in first two months

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BEIJING: China’s economy continued to recover in the first two months of the year, with major economic indicators surging from last year’s low comparison base, according to the National Bureau of Statistics (NBS).

After deducting the base effect, major indicators grew steadily, with the economy performing within the reasonable range, the NBS said.The country’s industrial output rose by 35.1% year-on-year in the January-February period, compared with 7.3% in December, the NBS said.

Fixed-asset investment rose by 35% year-on-year in the January-February period, up from 2.9% for the whole year of 2020.

Source: Financial Digest (financialdigest.net)

 

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