China retail sales accelerate 4.0 % on an annual basis; Industrial product grows 5.9 %

The industrial product in China has grown by 5.9 % year on an annual basis in the first two months of 2025, which exceeds 5.3 % expectations, while retail sales increased by 4.0 %, in line with consensus. In addition to strengthening economic activity, China has started a new action plan designed to stimulate consumer spending and its financial provision