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ECONOMY

Factory Activity Growth Picks Up on Solid Demand

Copper wire is prepared for shipment in Longyan, Fujian Province on Jan. 18. Photo: VCG
Copper wire is prepared for shipment in Longyan, Fujian Province on Jan. 18. Photo: VCG

China’s economy got off to a strong start this year on the back of robust capital spending and real estate investment, as well as strong demand for industrial goods.

For the January-February period, value-added industrial output, which measures production at China’s factories, rose 7.2% year-on-year, accelerating from an annual increase of 6.2% in December, according to data released Wednesday by the National Bureau of Statistics (NBS).

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