China's economy gets off to a solid start in 2017
Shital Jibhe / 14 Mar 2017
Beating all expectations,China's factory output rose 6.3 percent in January-February from the same period last year, while fixed asset investment grew 8.9 percent.
Beating all expectations,China's factory output rose 6.3 percent in January-February from the same period last year, while fixed asset investment grew 8.9 percent.
Earlier, analysts polled by Reuters had predicted factory output would grow 6.2 percent in the first two months this year, picking up from December's 6.0 percent, as demand for manufactured goods has improved in China and abroad.
Fixed asset investment expanded stronger than expected in the first two months of this year, as growth in private investment more than doubled from last year;while surging demand for steel, new roads, bridges and homes resulted in unexpected rise in factory output.
Analysts singled out an unexpectedly strong rebound in investment as particularly encouraging for China's outlook.
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