China Retail Sales Advances 9.5%, Missing Estimates
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Business, Health Sciences, Performing Arts, Biology
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University
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Practice Problem
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Hard
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The video discusses China's economic data, focusing on retail sales, fixed asset investment, and industrial production for the January-February period. Retail sales grew by 9.5%, missing the 10.6% estimate, marking the slowest growth since 2003. Fixed asset investment exceeded expectations at 8.9%, with the private sector contributing 6.7%. Industrial production aligned with estimates at 6.3%. The data highlights China's economic rebalancing and the importance of consumer spending. The GDP target for 2017 is set at 6.5%, with policy adjustments expected.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the lowest increase in retail sales since which year?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the GDP target for China in 2017?
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