Chinese economy on shaky ground in first two months of 2025, data shows
1 week, 2 days ago

Chinese economy on shaky ground in first two months of 2025, data shows

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Data also showed that unemployment rose, while housing prices continued to fall in most major cities. File image/AFP China’s economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing’s drive to boost flagging consumption. Data from Beijing’s National Bureau of Statistics on Monday offered some positive signs, showing retail sales – a key measure of consumer sentiment – increased four percent year-on-year during January and February combined. “In the first two months, with the sustained effects of macro policies, the national economy maintained the new and positive development,” the NBS said in a statement. - ‘Mixed messages’ - China’s statistics authorities combine many economic indicators for the first two months of the year to account for potential distortions caused by the annual Lunar New Year holiday.

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