- China's industrial production advanced 2.4% yoy in January-February 2023 combined, faster than a 1.3% gain in December 2022 but less than market forecasts of 2.6%.
- Manufacturing output quickened following the lifting of the zero-COVID policy, while activity slowed at both mining and utilities.
- Among sectors, output of manufacturing accelerated, while both mining and utilities eased.
- In 2022, the industrial production grew by 3.6%.
- Earlier this month, China's inflation rate was lowest in a year as consumers wary despite a removal of zero-COVID policy.
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