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China’s investment figures rebounded in January and February amid a pro-growth infrastructure push, while industrial output and consumption recovered better than expected, according to data by the National Bureau of Statistics on Tuesday.

Fixed-asset investment jumped to 12.2% y/y in the period, after 4.9% in 2021. Infrastructure and property investment growth rebounded to 8.1% and 3.7% y/y respectively. Manufacturing investment rose 20.9%.

Retail sales accelerated to 6.7% y/y in January and February, outperforming a 3.0% gain forecast.

Industrial production rebounded to 7.5% y/y in the first two months. The statistics bureau combines January and February data every year to smoothen out the Spring Festival factor. The surveyed urban unemployment rate was 5.5%.


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