The performance of China's economy in the first two months of 2024 was mixed, official figures showed Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.The performance of China’s economy in the first two months of 2024 was mixed, official figures showed on Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.
The recording period included China’s major Lunar New Year holiday — this year falling in early February — which generally drives a consumption spike in the preceding weeks. The property sector — long a vital growth engine for China’s economy — is now under unprecedented pressure, with several major developers on the verge of bankruptcy and falling prices dissuading investment in real estate.
The performance of China's economy in the first two months of 2024 was mixed, official figures showed Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.
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