China s industrial profits maintained their recovery momentum in the January-February period, thanks to the nation s financial support for the real economy, official data showed on Sunday, though companies continue to face looming headwinds.
China s economy soundly beat market expectations, firing on all cylinders in the first two months as fixed-asset investment picked up and retail sales rebounded.
In 2021, China had 24 cities with GDP exceeding 1 trillion yuan ($157.12 billion), with Dongguan in South China s Guangdong Province joining the list, and Beijing becoming the first city whose GDP exceeded 4 trillion yuan.
China s consumer prices rose by a moderate 0.9 percent year-on-year in 2021, official data showed on Wednesday. The reading provides a solid base for China s steady economic growth and serves as a stabilizer for the global economy facing downward pressure, experts said.