China's major economic statistics for January and February show slowdown in consumption and negative real estate investment. Industrial production increased by 7.0% compared to the same period last year, due to increased demand for EVs (electric vehicles) On the other hand, the growth rate of retail sales, which indicates consumption trends, has slowed down since December last year.
In order to expand domestic demand, the Chinese government has launched measures to encourage people to replace their home appliances and cars, and the central bank has taken measures to improve the real estate market.