China: the increase in sales and industry does not cancel out the effects of the real estate crisis. According to announcements on Monday March 18 from the national statistics office, industrial production increased by 7% at the start of 2024.
The same goes for retail sales, which recorded +5.5%. growth in January and February 2024. A rebound slowed by real estate, where investments are down 9%. Excavators work on the roof of a building near the central business district in Beijing, China, March 18, 2024.