Major economic statistics for the two months leading up to last month in China have been released, and indicators of consumption trends have increased by more than 6% compared to the same period last year due to the effects of the Olympic Games and other factors.
However, the Chinese government is wary of the future as the infection of the new coronavirus spreads in various places.
On the 15th, China's National Bureau of Statistics released major economic statistics for January and February.
According to this, “retail sales”, which shows the trend of consumption, increased by 6.7% compared to the same period last year, and the growth rate increased by 5 points from December last year.
The stagnation of consumption is one of the slowing factors for the Chinese economy, but the National Bureau of Statistics of China says that consumption increased in line with the Chinese New Year and that winter sports-related consumption was strong due to the effect of the Olympics. ..
On the other hand, fixed asset investment, which indicates investment in production equipment and infrastructure, increased by 12.2%, mainly due to the government's efforts to develop infrastructure as an economic measure.
However, real estate development investment was only 3.7% positive, and housing sales area was negative 13.8%, and the real estate market continues to cool.
In China, the infection of the new coronavirus has spread in various parts of the country earlier this month, and the National Bureau of Statistics said, "The spread of the infection in many areas will affect the economic recovery in each area. Is rising, and some SMEs are facing difficulties. "