Sluggish activity indicators in Jan-Feb affirms that China’s easing cycle is not over yet

Resumen

Today China’s NBS announced a batch of economic activity indicators for the period of January-February, including industrial production, retail sales and urban fixed asset investment (YTD). All the outturns were below market expectations and their levels of last year-end, indicating that the growth deceleration in China continues despite recent monetary easing measures.

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