Analysts expect China to release strong economic data amid second round of trade war

March 14, 68 – Analysts predict that economic data due out China next Monday (March 17) will indicate that the Chinese economy remained stable in the first two months of this year, even as Donald Trump returns to power and begins a second round of trade wars with China.

National Bureau of Statistics of China (NBS) will release a series of economic data on Monday. This includes industrial production in January-February, retail sales in January-February and fixed asset investment in January-February.

Analysts in a Bloomberg poll had forecast industrial production to rise 5.3% in January-February. Compared to the whole of 2567, which increased by 5.8%

Meanwhile, retail sales in January-February are expected to increase by 3.8%. Compared to 2567, which increased by 3.5%, and fixed asset investment is expected to increase by 3.2% in January-February compared to 2567, which increased by 3.2%.

Evidence that China's world's second-largest economy is withstanding trade war pressures emerged after President Xi Jinping's government set a record high budget deficit target this month and kept its 2 economic growth target unchanged at around 2568%.

President Xi Jinping has been trying to support the private sector this year, recently hosting a meeting with tech executives, including Alibaba Group Holding co-founder Jack Ma, with the aim of restoring market confidence.

In addition, during this month's Two Sessions, China's top leaders have made stimulating consumption a top priority, the first time since President Xi Jinping came to power more than a decade ago.

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