March 15, 2022

China's economic recovery was "better than expected" in the January-February period this year, as retail sales, industrial output and investment all unexpectedly picked up pace, official data showed on Tuesday. 

The country's industrial output went up by 7.5 percent in the period as compared with the figure from a year ago, according to data from the National Bureau of Statistics (NBS). The figure is also up from a gain of 4.3 percent in December last year, beating Reuters' forecast of a 3.9-percent surge.

NBS spokesperson Fu Linghui attributed the growth in industrial production to four factors: improvement of energy supply, supportive policies for key sectors at local level, strong exports and consumption driven by holidays and major events – the Spring Festival and the Beijing Olympic and Paralympic Winter Games. 

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