China starts 2017 with economic robust; however, retail sales rose less than expected.
There was strong bank lending, a lot of spending on infrastructure by the government and a much-needed expansion in private investment as surging demand for steel for new roads, bridges and homes lifted factory output.
On the other hand, retail sales rose less than expected at the beginning of the year – up by 9.5 percent.
Source: Euronews
Date: 20 March 2017
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
