China Jan-Feb fixed asset investment up 10.2pc y/y, factory output up 5.4pc

BEIJING: China's fixed-asset investment growth quickened to 10.2 percent year-on-year in the Jan-January period, beating market expectations.

Analysts polled by Reuters predicted investment growth would come in at 9.5 percent, compared with 10 percent posted the prior month.

Industrial output growth cooled to 5.4 percent, disappointing analysts who expected it to rise 5.6 percent on an annual basis after a rise of 5.9 percent the prior month.

Retail sales growth cooled to 10.2 percent.

Analysts forecast they would rise 10.8 percent on an annual basis after a rise of 11.1 percent the prior month.