National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe with his top for industrial production data due Tuesday from China
- Will grow by more than 6% in January and February (see the note below on this combined data)
- Survey-based unemployment rate in 31 major cities was around 5%
Added:
- China's economic growth still mainly relies on domestic demand
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- January and February data will be released together
- The combining of the 2 months is an attempt to smooth the seasonal factors caused by the variable timing of Lunar New Year holiday
- (In 2017 this began in January (27th, if my memory serves), but was all in February during 2016 ... ditto on the memory)