HONG KONG — China's manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday.
The property market is “still in a state of adjustment and transition” but policies outlined at China's annual legislative session earlier this month will promote “stable and healthy development," National Bureau of Statistics spokesperson Liu Aihua told reporters.During the National People’s Congress meetings, China’s leaders pledged to refine property sector policies, including increasing financing to developers and building more affordable housing.
She said consumer spending was “buoyed temporarily” by spending related to the Lunar New Year holidays, the biggest festival of the year, and that without added government spending it would be difficult to keep up strong growth. CEKD Berhad's Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?
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