Despite a recent drop in sales of cars and mobile phones, the head of the National Bureau of Statistics (NBS) has said that China’s economy is off to a good start in 2019, as the electricity output, a measure of industrial activity, rose 6.7% in February, reported the South China Morning Post.
The NBS will release China’s industrial production, retail sales and fixed-asset investment data for January and February this week, which will present the official picture of the economy at the start of the year.
In the first 10 days of March, the average daily electricity output also rose 11% in comparison to the same time last year.
SupChina highlighted that electricity output is often a more reliable indicator of economic conditions than GDP figures.
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