China’s economic data from January-February show improvements, says minister

China’s economic data for January and February, including industrial production and retail sales, have shown a remarkable improvement, Kang Yi, head of the National Statistics Bureau, said in a group interview during the annual National People’s Congress meetings.

The government is “very confident” it will meet this year’s growth target of around 5%, and China is likely to return to its potential growth rate in the long run, Kang said.

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