Mainland economic indicators exceeded expectations in first two months

Mainland China announced its main economic indicators for the first two months, which were better than market expectations. Among them, the added value of industrial enterprises above designated size increased by 7% year-on-year, the growth rate hitting the highest level in more than two years; total retail sales of consumer goods increased by 5.5%; urban fixed assets...

Mainland economic indicators beat expectations

According to the latest data, the mainland's major economic indicators performed better than market expectations in the first two months. The added value of industrial enterprises above designated size increased by 7%, the highest growth rate in two years. At the same time, the total retail sales of consumer goods also increased by 5.5%.

Industrial added value growth hits record high

The growth rate of mainland industrial added value reached 7%, which exceeded market expectations. This shows that the mainland's industrial production activities continue to grow and its economic development momentum is good.

Total retail sales of consumer goods increased

At the same time, the mainland's total retail sales of consumer goods also showed a growth trend, with an increase of 5.5%. This shows that the consumption power of mainland residents continues to improve and market demand continues to expand.

• Urban fixed asset investment grows steadily
• Real estate market remains stable
• Foreign trade import and export performed well

Overall, the mainland economy has achieved positive results in the first two months, with all major economic indicators exceeding market expectations, laying a good foundation for future economic development.