BEIJING — China’s economy started the new year with growth in industrial production, consumer spending and investment, according to data released by the National Bureau of Statistics (NBS).
In the January–February period, industrial production in China increased 6.3 percent year-on-year, exceeding market expectations and accelerating compared with the previous month.
Consumer activity also improved. Retail sales rose 2.8 percent annually, reflecting stronger spending during the Lunar New Year holiday and improved domestic demand.
Meanwhile, fixed-asset investment grew 1.8 percent, reversing the decline recorded in 2025. Infrastructure investment played a key role in the increase, while manufacturing investment also contributed to growth.
Despite the positive start, some sectors remain under pressure. The real estate sector continues to struggle, with property investment declining and housing demand remaining weak.
China’s government has set a 2026 economic growth target of about 4.5–5 percent, slightly lower than previous years, as policymakers seek to balance growth with structural reforms and rising global uncertainties.
Economists say the latest figures indicate that the world’s second-largest economy has begun the year with stronger momentum, though external risks and domestic challenges could affect growth later in 2026.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök