China's bid to hit a growth target of around 5% in 2024 is off to an uneven start, with a strong rebound in factory output and investment but a slowdown in consumption growth in January and February. The property slump also continued in February, with declines in real estate investment, new home sales, and construction starts. Analysts warn that the deepening real estate slide might overshadow the gradual pick-up in other sectors.
China's latest data release shows mixed messages, with concerns about the property cycle stabilizing and fiscal spending picking up
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