China's industrial production advanced by 5.9% year-on-year in January and February, the National Bureau of Statistics reported on Monday, marking a 0.1 percentage point acceleration compared to the two months of 2024.
The yearly growth rate surprised analysts' projections, despite being lower compared to the one observed in December of last year. In February, the Manufacturing Purchasing Managers' Index stood at 50.2%, rising by 1.1 percentage points from January.
The state-holding enterprises added 3.7% year-on-year, with the share-holding and private enterprises advancing 6.6% and 6.7% respectively, while the enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 3.2%.
