The retail turnover in China strengthens at the beginning of 2025, industrial data beats

In the first two months of the year, the Chinese economy showed a modest collection, according to data published by the National Bureau of Statistics when Beijing repeated its plan to promote domestic consumption.

In the January February period, retail turnover rose by 4.0% of the growth of 3.7% in December a previous year and the Reuters estimates in December.

Industrial production rose by 5.9% in the first two months of the year compared to the previous year, slower than 6.2% growth in December, but faster than an expansion forecast of 5.3% of analysts in a Reuters survey.

Fixed assets have been reported by 4.1% from year to year and exceeded the growth of 3.6% estimated by economists, which was estimated by a remarkable increase in the previous year by 3.2% in the previous year.

The data comes shortly after the Chinese political decision-makers presented a far-reaching plan to promote domestic consumption and to reaffirm the commitments of Beijing to strengthen the inhabitants' income and household expenses.

The message published on Sunday repeated Beijing's plan to stabilize the stock exchange, to increase a childcare support program and the increase in tourism.

While the high -ranking document seems to have no concrete implementation details, there is a look at the attitude of Beijing to tackle some deep -seated problems, such as:

“It is quite encouraging that political decision -makers look at these topics soberly, and it should help the long -term transition to a consumer -controlled economy,” he added.

Chinese leadership took over a strong task by maintaining a growth goal of “5%” this year.

Economists say that Beijing probably has to provide a stronger incentive in order to achieve this year's growth goal and strengthen domestic consumption in order to fill the hole by potentially slowing exports. Exports contributed almost a quarter of the China GDP last year.

In a sign of a persistent decrease in demand, China's consumer price inflation fell below zero for the first time in over a year. Beijing revised his annual inflation goal to “around 2%” – the lowest in more than two decades – of over 3% in previous years, a step that shows a certain degree of official acceptance of the current deflationary environment.

As part of an extended fiscal package, the Chinese leaders promised a further 300 billion Yuan ($ 41.5 billion $ 41.5 billion) long special bonds for the subsidy for consumers at the beginning of this month.

In addition to the trading program, the existing stimulus measures have hardly sought consumers directly.