In the first two months, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, and fully and faithfully applied the new development philosophy on all fronts. All regions and departments accelerated the efforts to foster a new development pattern, took solid steps to promote high-quality development, endeavored to expand domestic ... (full story)

China on Monday reported economic data for the first two months of the year that beat analysts’ expectations. Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters’ poll, while industrial production increased 7%, compared with estimates of 5% growth. Fixed asset investment rose by 4.2%, more than the forecast of 3.2%. The unemployment rate for cities was 5.3% in February. Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year. Investment into real estate fell by 9% in the first two months of the year from a year ago. Investment in ... (full story)