The Chinese mainland's industrial output, a crucial economic indicator measuring the total added value of major industrial enterprises, saw a significant increase of 7 percent during the January-February period of 2024, according to data released by the National Bureau of Statistics (NBS) on Monday.
This robust performance, along with several other key economic indicators for the same period, surpassed analyst expectations as surveyed by Reuters.
The latest figures suggest that the national economy has maintained its recovery and growth momentum, setting a stable tone for the start of 2024, according to the NBS.
Bruce Pang, chief economist of JLL Greater China, commented on CGTN that the strong performance of major economic indicators indicates that the stabilization and recovery of the Chinese mainland's economy in the first two months was not merely a rebound in growth.
He added that these results also point to continuous improvement, comprehensive enhancement, and a positive shift towards a balanced supply and demand dynamic.
Reference(s):
China's economic data in first two months beats expectations
cgtn.com
