Market news
15.03.2021, 07:02

China's industrial production and retail sales rebounded

RTTNews reports that according to the report from the National Bureau of Statistics, China's industrial production and retail sales rebounded in January to February, reflecting a strong recovery from the pandemic driven downturn.

Industrial production climbed 35.1 percent year-on-year in January to February period, faster than the 7.3 percent growth seen in December. This was also bigger than the expected rate of 30 percent.

Likewise, retail sales growth accelerated to 33.8 percent from 4.6 percent in December. Sales were forecast to gain 32 percent.

In January to February, fixed asset investment grew 35 percent from the same period last year. Economists had forecast a faster expansion of 40 percent.

This set of data shows the Chinese economy is recovering from Covid, especially in terms of consumption, Iris Pang, an economist at ING said.

But the very low base also masked the degree to which these strong figures are driven by underlying growth, the economist added. These low base-effects could last until April as economic activity started to pick up in May last year.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location