Mixed bag of news out of China... Go figure...
China Jan-Feb factory, investment beat forecasts but retail sales disappoint
BEIJING (Reuters) - China's factory output and fixed-asset investment grew more strongly than expected in the first two months of the year, but retail sales disappointed after the government reduced a tax break on small cars.
Industrial output rose 6.3 percent in January-February from the same period a year earlier, fixed-asset investment 8.9 percent and retail sales 9.5 percent.
The overall readings are likely to reinforce views that the world's second-largest economy is on a steady growth path, despite worries about the risks of slightly tighter credit policy this year and a surge in U.S. trade protectionism.
China combines January and February activity data in a bid to smooth out seasonal distortions caused by the timing of the long Lunar New Year holidays, which began in late January this year but fell in February last year.