China Needs More Easing Despite Seemingly Upbeat Economic Data, Analysts Say

China’s economy performed better than expected in the first two months of 2022, but economists warned that the seemingly upbeat numbers may not spell a strong recovery as they look toward more easing policies by the government.

China’s economic data for the January-to-February period, released Tuesday by the National Bureau of Statistics (NBS), beat expectations in areas such as year-on-year growth in fixed-asset investment, retail sales and industrial production.