India, March 17 -- China's industrial production and retail sales expanded more than expected in the January to February period driven by fiscal stimulus but the property market remained a drag on the economy.
Industrial production registered an annual growth of 5.9 percent but slower than the 6.2 percent rise in December, data from the National Bureau of Statistics showed Monday. Nonetheless, the pace of growth exceeded forecast of 5.3 percent.
Meanwhile, growth in retail sales improved to 4.0 percent in January to February from 3.7 percent in December. The rate was also better than the expected expansion of 3.8 percent.
Fixed investment growth rose to 4.1 percent in January and February from 3.2 percent in 2024.
However, property inve...