Fixed asset investment in January-March slowed to 5.1%
growth year-on-year, versus expectations for a 5.7% increase. It
grew 5.5% in the January-February period.
Chinese policymakers have pledged to step up support for the
world's second-largest economy this year after dismantling
COVID-19 curbs in December.
(Reporting by Joe Cash, Qiaoyi Li and Ellen Zhang
Editing by Shri Navaratnam)
BEIJING, April 18 (Reuters) - China's industrial output
rose 3.9% in March year-on-year, official data showed on
Tuesday, accelerating from a 2.4% increase in the first two
months but missing expectations slightly amid a post-COVID
economic recovery.
Retail sales rose 10.6%, beating forecasts for a 7.4%
increase by a large margin. It was also faster than the 3.5%
increase in January-February.
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