Chinese retail sales are strengthened in early 2025, industrial data are beaten

The Chinese economy showed a modest pickup in the first two months of the year, according to Monday, published on Monday The National Bureau of StatisticsAs Beijing confirmed his plan for strengthening internal consumption.

Retail sales in January-February have increased by 4.0% compared to a year ago compared to Height 3.7% compared to last year In December and in accordance with Reuters estimates.

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

Investing with a fixed asset reported from year in court, grew by 4.1% Beating 3.6% height, evaluated by economists, a noticeable jump from Increase by 3.2% last year.

The data is coming shortly after Chinese politicians submitted a wide plan To stimulate domestic consumption, repeating Beijing’s obligations to strengthen residents’ income and household costs.

A notice published on Sunday is a repeated Beijing Plan for Stabilization of the stock market, establishes a childcare subsidy, as well as enhancing tourism.

While the high -level document lacks specific implementation details, it looks at Beijing’s position to solving some deep problems such as slowing income and insufficient social security network, Lin Song, Chinese economist Ing, said CNBC by email.

“It is very encouraging that politicians take a sober look at these topics, and this should help the long -term transition to the consumption economy,” he added.

Chinese guide has assumed a hefty task while maintaining the target purpose “About 5%” This year, the goal has reached more difficult to reach trading in trade with the United States and secured deflation for the economy.

Economists say Beijing is likely to need to provide a stronger incentive to achieve this year’s growth target and strengthen internal consumption to fill the hole left potentially slowing the export. Last year, exports made almost a quarter of Chinese GDP.

In a constant fall in demand, Chinese Inflation consumer prices in February dropped below zero For the first time in a year. Beijing has revised the annual inflation target to “about 2%” – – the lowest for more than two decades – From the above 3% in the previous years, the step showing the degree of official adoption of the current deflation environment.

As part of the expanded financial package, Chinese leaders promised at the annual parliamentary session earlier than $ 300 billion ($ 41.5 billion) to the ultra-long treasury bond to support consumer subsidies.

However, outside the trade program, the existing stimulation measures directly aimed at consumers.