CHINA’S ACTIVITY DATA POINTS TO INVESTMENT-DRIVEN RECOVERY

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March 9, 2013

BEIJING - While retail sales growth in China for the January-February period came in weaker than expected, investment data were quite strong for the first two months. Data released today (Saturday) continued to show that the current recovery is driven mainly by investment and a rebound in heavy industry, according to ANZ Bank. ANZ says that while monetary policy has tightened recently and new property curbs are being put in place to reign in the property market, it believes the impact on the whole economy will be largely mitigated by a proactive fiscal policy.