China's retail sales up 8.2 pct in Jan-Feb

China industrial output growth falls to 17-year low but investment picks

China industrial output growth falls to 17-year low but investment picks

Despite the uncertain external environment and the downward pressure on the economy, the economic operations in the first two months were generally stable with investment growth accelerating, spokesperson for China's National Bureau of Statistics (NBS) Mao Shengyong said.

Pressured by weak demand at home and overseas, China's industrial output rose 5.3 percent in January-February, less than expected and the slowest pace since early 2002.

It is expected that the domestic oil production on China's three national oil companies will be lifter because of higher spending on exploration and production this year.

But the rate of growth remains stuck around 15-year lows, highlighting concerns that consumers are growing less confident as the economy slows.

New household loans, mainly mortgages, totalled 919.2 billion yuan (£103.22 billion) in February, accounting for 22.36 percent of total new loans last month, central bank data showed last week.

Fixed-asset investment growth was 6.1 percent year-on-year in the combined January to February period, compared with 5.9 percent for the whole of 2018, the NBS said on Thursday.

More news: Liverpool boss Klopp makes transfer admission that will worry Reds fans
More news: Jones says he will protect Cokanasiga from hype
More news: Roger Federer, Rafael Nadal roll into quarters at Indian Wells

Retail sales were also marginally better than expected, with the headline figure rising 8.2 percent in January-February from a year earlier, in line with December.

The real estate market has shown signs of fatigue in recent months in the face of persistent government curbs on speculative investment, as Beijing is seeking to reduce debt risks in the financial system.

In particular, Capital Economics and others noted that infrastructure investment has not improved as much as hoped after the government began fast-tracking road and rail projects past year, raising the risk of a milder-than-expected bounce in construction when work resumes in warmer weather.

Growth in China's industrial output fell to a 17-year low in the first two months of the year and the jobless rate rose, pointing to further weakness in the world's second-biggest economy that is likely to trigger more support measures from Beijing, Trend reports referring to Reuters. A year ago investment in infrastructure crumbled as China hit the brakes on major projects such as subway lines and motorways to keep a lid on debt.

Beijing has tried to restart spending.

US President Donald Trump said yesterday he sees a "very good chance" of reaching a trade deal with China but is in "no rush" to reach an agreement. Land transaction fees in 40 major Chinese cities fell 20.9 percent in January-February period from the same time a year earlier, according to the state-run Securities Times. China, however, is not alone in facing trade woes.

Recommended News

  • "Bomb cyclone" headed our way, and here's what it means

    The massive blizzard that struck Colorado Wednesday is finally over. "The storm is expected to have an intense impact", it said. Denver Public Schools was one of many school districts that canceled school because of poor road conditions and power outages.
    Ancelotti's Napoli faces Arsenal in Europa League

    Ancelotti's Napoli faces Arsenal in Europa League

    "Olivier is, for us, a very important player". "Callum needs to do it as well and take these opportunities when they come along". The 60-year-old Italian had been livid at the state of... "I thought he was terrific", Walker said.
    Rice reveals he's 'proud and honoured' to get England call up

    Rice reveals he's 'proud and honoured' to get England call up

    The 18-year-old winger has racked up nine goals and 11 assists in all competitions this season for Lucien Favre's side. George's Park next Monday ahead of the first game with Czech Republic at Wembley on Friday 22 March.
  • Bangladesh cricket team forced to flee Christchurch Mosque after shooting incident

    Bangladesh cricket team forced to flee Christchurch Mosque after shooting incident

    Mashud said about 17 Bangladeshi players and team staff on the bus watched as blood-soaked victims staggered from the building. The team has been in New Zealand for more than a month, playing three one-day internationals ahead of a three-Test series.
    Australian PM slams disgusting remarks by Senator

    Australian PM slams disgusting remarks by Senator

    He went on to claim the real cause of the bloodshed that's left at least 49 people dead is New Zealand's immigration policy. Independent Queensland Senator Fraser Anning has been slammed for his appalling response to the Christchurch terror attack .
    Golden Tate has hilarious reaction to Giants signing him

    Golden Tate has hilarious reaction to Giants signing him

    According to ESPN's Adam Schefter , Tate is signing a four-year deal worth up to $37.5 million with $23 million guaranteed. And Pat Shurmur's offense should be interesting if the line can keep the veteran signal-caller out of harm's way.
  • Donald Trump Certain To Face Grilling In Ex-‘Apprentice’ Contestant’s Lawsuit

    Donald Trump Certain To Face Grilling In Ex-‘Apprentice’ Contestant’s Lawsuit

    The dissenting judges said the lawsuit would interfere with Mr Trump's job as President, and should wait until he left office. A state Supreme Court Appellate Division panel issued its ruling Thursday in a case brought by Summer Zervos .
    British lawmakers back Brexit delay - Newspaper

    British lawmakers back Brexit delay - Newspaper

    The motion to extend the UK's exit was put forward to MPs at Westminster yesterday (Thursday) and was passed by 413 votes to 202. The short delay envisaged in the motion could last until June 30, but the longer extension is not now time-limited.
    Australian Man Appears In Court On Murder Charge After Christchurch Attack

    Australian Man Appears In Court On Murder Charge After Christchurch Attack

    Facebook said, that having been alerted by police, it had deleted the gunman's accounts "shortly after the livestream commenced". There was a heavy police presence at the hospital where families of the more than 40 wounded had gathered.
  • Uber planning to launch IPO in April

    Uber planning to launch IPO in April

    Uber will actually get beaten to an IPO by its smaller rival, Lyft, which is expected to complete its IPO in the coming weeks. Taking on large investors that will influence a key business is an unusual move for a company so close to an IPO.
    Amazon Fire TV finally gets Apple Music streaming

    Amazon Fire TV finally gets Apple Music streaming

    It seems that Amazon doesn't have any issues with Apple putting its wireless services on any of its products. Amazon's third-generation Fire TV dongle was recently discontinued and replaced by the Fire TV stick 4K.
    Google jumps on the foldable phone bandwagon, files patent

    Google jumps on the foldable phone bandwagon, files patent

    The patent, first spotted by Patently Mobile , suggests that the company might be working on a folding phone with a single screen. Several Samsung folding phone patents emerged before the Galaxy Fold launch, and they do not resemble it.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.