Caixin
Apr 23, 2024 04:19 PM
RESEARCH & ANALYSIS

Analysis: Why China Should Kickstart Domestic Demand

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External demand was a key driver of China’s growth in the first two months, outpacing increases in investment, domestic consumption and industrial production. Photo: VCG
External demand was a key driver of China’s growth in the first two months, outpacing increases in investment, domestic consumption and industrial production. Photo: VCG

China’s macroeconomic data at the beginning of this year showed a strong rebound in supply while demand remained sluggish, especially at home, with real estate being the weakest part.

Value-added industrial production, adjusted for price factors, increased by a solid 7% year-on-year in the January-February period. After seasonal adjustment, the month-on-month increases in the first two months averaged 0.86%.

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