Analysts at BBH note that China reported January-February IP and retail sales and the two months are combined to limit Lunar New Year distortions.
“IP rose 7.2% y/y vs. 6.2% expected, while sales rose 9.7% y/y vs. 9.8% expected. For now, markets appear comfortable with the mainland macro backdrop. Policymakers kept the growth target for this year steady at 6.5%, which signals “steady as she goes.”
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