China's First Data Dump Of 2025 Beats Expectations
Source: SeekingAlpha
2025-03-17 15:50:00 ET
Summary
- Key Chinese hard data beat conservative market forecasts to start the year on a strong note as the recovery in domestic demand continues.
- China's new home prices and existing home prices continued to slide month-on-month, registering at -0.14% and -0.34%, respectively, in February, suggesting that the long-awaited bottoming our of prices may take at least another month.
- The value-added of industry rose to 5.9% YoY ytd, up from 2024's 5.8% YoY level, coming in well above consensus forecasts and our expectations.
By Lynn Song
Property remains a major drag on the economy as prices and investment have yet to bottom out
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China's First Data Dump Of 2025 Beats Expectations
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