China reported on Wednesday that retail sales growth in the initial two months of this year only met forecasts, and that real estate investment decreased even more. During the months of Jan and Feb, industrial production has increased by 2.4% rather than the 2.6% predicted by analysts.

1. ShreeMetalPrices: China’s economic shows
disappointing start to 2023
China reported on Wednesday that retail sales growth in the initial two months of
this year only met forecasts, and that real estate investment decreased even
more.
During the months of Jan and Feb, industrial production has increased by 2.4%
rather than the 2.6% predicted by analysts.
The report show “stable rather than increasing momentum. Which also shows
robust policy assistance is required to release the economic potential,” according
to Zhou Hao of Guotai Junan.
China’s Youth Unemployment Nearly 18%
According to the statistics agency, urban unemployment increased 0.1
percentage points from January to 5.6 percent in Feb. The report indicated that
the 18.1 percent jobless rate for young people aged 16 to 24 remained
continuously high.
SHREE METAL PRICES