armchairPrivate
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No kidding. Indian Gordon Chang with nothing original to say.
China Economy Forum
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- Start date
No kidding. Indian Gordon Chang with nothing original to say.
shuttler
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Yellow River plan approved
Global Times | 2014-4-14 22:58:01
China's State Council has approved a collaborative plan for developing the Yellow River Delta region, said a statement published on the central government's website Monday.
The region includes cities in North China's Shanxi, Northwest China's Shaanxi and Central China's Henan provinces. The plan aims to build the region into a new growth engine for China's central and western areas.
Local authorities should strengthen cooperation in inter-regional infrastructure development, industrial restructuring, as well as ecological and environmental protection, the statement said.
Link
Yep! very nasty but a lot less capable!
Global Times | 2014-4-14 22:58:01
China's State Council has approved a collaborative plan for developing the Yellow River Delta region, said a statement published on the central government's website Monday.
The region includes cities in North China's Shanxi, Northwest China's Shaanxi and Central China's Henan provinces. The plan aims to build the region into a new growth engine for China's central and western areas.
Local authorities should strengthen cooperation in inter-regional infrastructure development, industrial restructuring, as well as ecological and environmental protection, the statement said.
Link
Yep! very nasty but a lot less capable!
Last edited:
shuttler
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When walmart leaves,Chinese chains like Hualian 华联, Century Mart 世纪联华, China Resources Vanguard 华润，Renren Le 人人乐, 大润发 RTmart (Taiwan), 易初莲花 Lotus Supercenter (Thai), Carrefoure etc and even some local entrepreneurs can immediately step in
That "as yang" has been bad mouthing about China for a long time.
Good for the real estate market to cool down on a long term perspective making necessary corrections
If the Zhejiang RE collapses let it go under. Its foreclosure will benefit a lot of people who are ready for some bargain houses!
The property market of China will sustain!
That "as yang" has been bad mouthing about China for a long time.
Good for the real estate market to cool down on a long term perspective making necessary corrections
If the Zhejiang RE collapses let it go under. Its foreclosure will benefit a lot of people who are ready for some bargain houses!
The property market of China will sustain!
Last edited:
shuttler
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China's top 10 richest cities
Updated: 2014-02-14 16:16 (chinadaily.com.cn)
Link
China Investment Network, a Beijing-based magazine, has come out with a list of China's wealthiest cities by local fiscal revenue in 2013.
The ranking is based on several factors, including size of city, population and industrial structure.
Local fiscal revenue is mainly spent on improving people's livelihoods and keeping public security.
No 1 Shanghai.
Local fiscal revenue in 2013: 410.95 billion yuan ($67.81 billion)
No 2 Beijing.
Local fiscal revenue in 2013: 366.11 billion yuan
Tian'anmen Square in Beijing is seen in this file photo taken in 2009 . [File Photo/Asianewsphoto]
No 3 Tianjin.
Local fiscal revenue in 2013: 207.8 billion yuan
The memorial gateway named "Jin Men Gu Li" is located in the ancient culture street. Traditional products are sold on this street, Tianjin, China, Dec 10, 2013. [Photo/Asianewsphoto]
No 4 Shenzhen.
Local fiscal revenue in 2013: 173.1 billion yuan
A sports center in Shenzhen Bay, Shenzhen, Guangdong province, June 15, 2011. [Photo/Asianewsphoto]
No 5 Chongqing.
Local fiscal revenue in 2013: 169.29 billion yuan
A view of a shopping mall decorated to mark New Year in Chongqing, China. [Photo/Asianewsphoto]
No 6 Suzhou.
Local fiscal revenue in 2013: 133.103 billion yuan
Tourists enjoy Suzhou classical garden. An artist plays Chinese traditional musical instrument on a boat in Suzhou, Jiangsu province, Oct 1, 2011. [Photo/Asianewsphoto]
No 7 Guangzhou.
Local fiscal revenue in 2013: 114.05 billion yuan
The TV Tower near Pearl River in Guangzhou, Guangdong province, June 22, 2013. [Photo/Asianewsphoto]
No 8 Wuhan.
Local fiscal revenue in 2013: 97.852 billion yuan
Wuhan Yangtze Grand Bridge in Wuhan, Hubei province is seen in this file photo taken in 2007. [Photo/Asianewsphoto]
No 9 Hangzhou.
Local fiscal revenue in 2013: 94.5 billion yuan
Tourists walk around the West Lake in Hangzhou, Zhejiang province in this file photo taken in 2005. [Photo/Asianewsphoto]
No 10 Chengdu.
Local fiscal revenue in 2013: 89.85 billion yuan
People gather to see a fountain show in Tianfu Square in Chengdu, Sichuan province in this file photo taken in 2007. [Photo/Asianewsphoto]
Updated: 2014-02-14 16:16 (chinadaily.com.cn)
Link
China Investment Network, a Beijing-based magazine, has come out with a list of China's wealthiest cities by local fiscal revenue in 2013.
The ranking is based on several factors, including size of city, population and industrial structure.
Local fiscal revenue is mainly spent on improving people's livelihoods and keeping public security.
No 1 Shanghai.
Local fiscal revenue in 2013: 410.95 billion yuan ($67.81 billion)
No 2 Beijing.
Local fiscal revenue in 2013: 366.11 billion yuan
Tian'anmen Square in Beijing is seen in this file photo taken in 2009 . [File Photo/Asianewsphoto]
No 3 Tianjin.
Local fiscal revenue in 2013: 207.8 billion yuan
The memorial gateway named "Jin Men Gu Li" is located in the ancient culture street. Traditional products are sold on this street, Tianjin, China, Dec 10, 2013. [Photo/Asianewsphoto]
No 4 Shenzhen.
Local fiscal revenue in 2013: 173.1 billion yuan
A sports center in Shenzhen Bay, Shenzhen, Guangdong province, June 15, 2011. [Photo/Asianewsphoto]
No 5 Chongqing.
Local fiscal revenue in 2013: 169.29 billion yuan
A view of a shopping mall decorated to mark New Year in Chongqing, China. [Photo/Asianewsphoto]
No 6 Suzhou.
Local fiscal revenue in 2013: 133.103 billion yuan
Tourists enjoy Suzhou classical garden. An artist plays Chinese traditional musical instrument on a boat in Suzhou, Jiangsu province, Oct 1, 2011. [Photo/Asianewsphoto]
No 7 Guangzhou.
Local fiscal revenue in 2013: 114.05 billion yuan
No 8 Wuhan.
Local fiscal revenue in 2013: 97.852 billion yuan
Wuhan Yangtze Grand Bridge in Wuhan, Hubei province is seen in this file photo taken in 2007. [Photo/Asianewsphoto]
No 9 Hangzhou.
Local fiscal revenue in 2013: 94.5 billion yuan
Tourists walk around the West Lake in Hangzhou, Zhejiang province in this file photo taken in 2005. [Photo/Asianewsphoto]
No 10 Chengdu.
Local fiscal revenue in 2013: 89.85 billion yuan
People gather to see a fountain show in Tianfu Square in Chengdu, Sichuan province in this file photo taken in 2007. [Photo/Asianewsphoto]
shuttler
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I think the above report is rather irrelevant because a lot of changes has happened during 2004-2013
Although it says
For three years from 2011, the amount of investment by Japan increased notably, the KITA report showed. Japan put in a total of $20.74 billion compared to $8.54 billion by South Korea.
It dosent reflect the situation of recent trend when the relatiohship of China and japan hits new lows while S Korean's is on fairly good terms with us
Future FDI from japan is grim until a less hawkish japanese pm is in office
Perhaps if the OP can generate the investment trends of japan and s korea respesctively in the recent 3-5 years which can help clarify if FDI from japan is going down and s korea up
Although it says
For three years from 2011, the amount of investment by Japan increased notably, the KITA report showed. Japan put in a total of $20.74 billion compared to $8.54 billion by South Korea.
It dosent reflect the situation of recent trend when the relatiohship of China and japan hits new lows while S Korean's is on fairly good terms with us
Future FDI from japan is grim until a less hawkish japanese pm is in office
Perhaps if the OP can generate the investment trends of japan and s korea respesctively in the recent 3-5 years which can help clarify if FDI from japan is going down and s korea up
Last edited:
rcrmj
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doomsday ahead for all Chinese . Times for Chinese to realise that they r not 'powerful' and 'rich' like what they think. China is just a Tiger made by Paper
a paper tiger will always $hit on a paper monkey, that's a reality
shuttler
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China rebuts 'hard landing' warning
Global Times | 2014-4-13 23:38:03
By Li Qiaoyi
Men work in the Guanjiao Tunnel along the Qinghai-Tibet Railway in the Mongolian-Tibetan Autonomous Prefecture of Haixi, Northwest China's Qinghai Province. Photo: CFP
Vice Finance Minister Zhu Guangyao hit back over the weekend at IMF warnings that the Chinese economy may face the threat of a hard landing.
"In general, we think they [the IMF] are a very professional financial institution, but [due to] some of the methodology used and some traditional thinking, they also need reform," Reuters quoted Zhu as saying Saturday to a group of foreign journalists in Washington DC on the sidelines of the annual spring meetings of the IMF and World Bank.
Christine Lagarde, managing director of the IMF, used the term "hard landing" when she warned of the risk facing China's economy in the IMF's Global Policy Agenda, which was released in Washington DC on Thursday.
The risk was small according to the IMF report, but it urged China to be alert to risks in its shadow banking system.
The Chinese government is taking action to cope with financial risk, Zhu said.
"While local government debt is manageable, the Chinese authorities will continue to ensure that local government financing will be tightly regulated, transparent and sustainable," Yi Gang, deputy governor of the People's Bank of China (PBC), the country's central bank, said in his statement delivered Saturday at the International Monetary and Financial Committee meeting during the annual spring meetings.
The Chinese government will maintain the stability and continuity of macroeconomic policies to achieve stable growth, while continuing efforts to rebalance the economy and deepen reforms, read Yi's statement posted on the IMF's website.
"The hard landing warning is undoubtedly exaggerated, as the fundamentals of the economy remain strong enough to ensure that the overall growth will be kept within healthy limits," Xu Hongcai, director of the Department of Information under the China Center for International Economic Exchanges (CCIEE), a Beijing-based think tank, told the Global Times on Sunday.
The central government has rolled out a raft of pro-growth measures that include investment in railroads and renovation of run-down areas, which Xu said would protect against a sudden downturn.
There are concerns about banks' troubled assets, as the asset quality of some enterprises could further deteriorate amid the economic slowdown and sluggish demand. However, there is little chance of a surge in risk, Zhang Lei, a Beijing-based macroeconomic analyst with Minsheng Securities, told the Global Times on Sunday.
The Chinese government still has enough resources to deal with financial risk, Zhang noted.
Multi-faceted capital market solutions such as asset securitization will help ease concerns over banks' off-balance sheet accumulated leverage, he said, noting that China's banks generally grant secured loans based on collateral rather than unsecured ones simply based on applicants' credit.
Instead of being a drag on the near-term economic growth, the new leadership's reform blueprint will help safeguard the economy against any hard landing, analysts said.
China's growth potential will be enhanced with deepened reforms in an all-round manner, stressed Xu of CCIEE.
The government has already released a number of reform measures and more reforms are in the pipeline, economists at UBS Securities said in a research note sent to the Global Times on Friday, toning down fears that the country may decelerate its pace of reform because of growth concerns.
The near-term reforms will serve to guard the bottom line of China's growth target, the economists said.
In his statement, the PBC's Yi also reiterated the commitment to financial reforms.
In addition to a continuation of the yuan's foreign exchange rate reform, "the market-based interest rate reform will also proceed, with deposit rates being liberalized in the medium term. And a deposit insurance scheme will be set up in due course," Yi said, pointing to a more gradual approach to pushing forward with interest rate reforms.
Link
Global Times | 2014-4-13 23:38:03
By Li Qiaoyi
Men work in the Guanjiao Tunnel along the Qinghai-Tibet Railway in the Mongolian-Tibetan Autonomous Prefecture of Haixi, Northwest China's Qinghai Province. Photo: CFP
Vice Finance Minister Zhu Guangyao hit back over the weekend at IMF warnings that the Chinese economy may face the threat of a hard landing.
"In general, we think they [the IMF] are a very professional financial institution, but [due to] some of the methodology used and some traditional thinking, they also need reform," Reuters quoted Zhu as saying Saturday to a group of foreign journalists in Washington DC on the sidelines of the annual spring meetings of the IMF and World Bank.
Christine Lagarde, managing director of the IMF, used the term "hard landing" when she warned of the risk facing China's economy in the IMF's Global Policy Agenda, which was released in Washington DC on Thursday.
The risk was small according to the IMF report, but it urged China to be alert to risks in its shadow banking system.
The Chinese government is taking action to cope with financial risk, Zhu said.
"While local government debt is manageable, the Chinese authorities will continue to ensure that local government financing will be tightly regulated, transparent and sustainable," Yi Gang, deputy governor of the People's Bank of China (PBC), the country's central bank, said in his statement delivered Saturday at the International Monetary and Financial Committee meeting during the annual spring meetings.
The Chinese government will maintain the stability and continuity of macroeconomic policies to achieve stable growth, while continuing efforts to rebalance the economy and deepen reforms, read Yi's statement posted on the IMF's website.
"The hard landing warning is undoubtedly exaggerated, as the fundamentals of the economy remain strong enough to ensure that the overall growth will be kept within healthy limits," Xu Hongcai, director of the Department of Information under the China Center for International Economic Exchanges (CCIEE), a Beijing-based think tank, told the Global Times on Sunday.
The central government has rolled out a raft of pro-growth measures that include investment in railroads and renovation of run-down areas, which Xu said would protect against a sudden downturn.
There are concerns about banks' troubled assets, as the asset quality of some enterprises could further deteriorate amid the economic slowdown and sluggish demand. However, there is little chance of a surge in risk, Zhang Lei, a Beijing-based macroeconomic analyst with Minsheng Securities, told the Global Times on Sunday.
The Chinese government still has enough resources to deal with financial risk, Zhang noted.
Multi-faceted capital market solutions such as asset securitization will help ease concerns over banks' off-balance sheet accumulated leverage, he said, noting that China's banks generally grant secured loans based on collateral rather than unsecured ones simply based on applicants' credit.
Instead of being a drag on the near-term economic growth, the new leadership's reform blueprint will help safeguard the economy against any hard landing, analysts said.
China's growth potential will be enhanced with deepened reforms in an all-round manner, stressed Xu of CCIEE.
The government has already released a number of reform measures and more reforms are in the pipeline, economists at UBS Securities said in a research note sent to the Global Times on Friday, toning down fears that the country may decelerate its pace of reform because of growth concerns.
The near-term reforms will serve to guard the bottom line of China's growth target, the economists said.
In his statement, the PBC's Yi also reiterated the commitment to financial reforms.
In addition to a continuation of the yuan's foreign exchange rate reform, "the market-based interest rate reform will also proceed, with deposit rates being liberalized in the medium term. And a deposit insurance scheme will be set up in due course," Yi said, pointing to a more gradual approach to pushing forward with interest rate reforms.
Link
WAR-rior
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Its not easy for huge Economies to simply crash. Hell, even Pakistan has been on verge of Bankrupcy numerous times. Still going on. But Pakistan is running its economy with everyone's help.
China can atmost loose its tremendous growth percentage but not crash. Its not that simple economically.
If u ask me, I forsee a shift in Chinese style of Business to counter this slump. Chinese will die without its huge Manufacturing Industry and to sustain it, it needs customers and orders. With India on the verge of its Manufacturing resurgence post 2018 after completing of DMIC and infra revamp, West is gonna meet its demand from India due to its love with India and current cheapness of Indian market compared to Chinese. China can now focus on other developing countries to build its Industry like Japs are doing in form of JICA. Thats aa sofisticated and high earning model.
Times have changed, so has economic situations. Its High tym India takes over China role and China takes over Japanese role to sustain in International Market.
China can atmost loose its tremendous growth percentage but not crash. Its not that simple economically.
If u ask me, I forsee a shift in Chinese style of Business to counter this slump. Chinese will die without its huge Manufacturing Industry and to sustain it, it needs customers and orders. With India on the verge of its Manufacturing resurgence post 2018 after completing of DMIC and infra revamp, West is gonna meet its demand from India due to its love with India and current cheapness of Indian market compared to Chinese. China can now focus on other developing countries to build its Industry like Japs are doing in form of JICA. Thats aa sofisticated and high earning model.
Times have changed, so has economic situations. Its High tym India takes over China role and China takes over Japanese role to sustain in International Market.
. Both have been predicted a million times but neither has happened.
Al Bhatti
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No 4 Shenzhen.
Local fiscal revenue in 2013: 173.1 billion yuan
A sports center in Shenzhen Bay, Shenzhen, Guangdong province, June 15, 2011. [Photo/Asianewsphoto]
The other day when I was going through my Chinese lesson and the word 深圳 shen1zhen4 came up and when I looked for the character translation of the name it was 深shen1 deep; depth; far; very, extreme 圳zhen4 furrow in field, small drainage ditch
Shenzhen, from a small fishing village to a large city in a span of couple of decades.
UAE, is also similar from a number of small fishing villages or towns in each emirate to a nation counted as between developing and developed country (if not developed) in a span of couple of decades.
Why I am giving the example of Shenzhen and UAE is because one had a big population and the other had very little population both are contrary to each other, the only thing common between them is the far sightedness of the leadership to develop their respective nations.
Some say Pakistan’s population is an hurdle towards development, but the above proves on the contrary. The only hurdle towards the development of Pakistan is our leadership (politicians). Countries have developed from under developed countries to developed countries, whereas we have moved from developing towards what?
There are numerous other examples as well where countries have population a little less than Pakistan and the land area is around half of Pakistan but the countries fall under developed countries.
加油中国，祝你永远越来越发展。
shuttler
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Martian2
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Chinese scientists make flat surface behave like spherical antenna
Scientists make flat surface behave like spherical antenna | Christian Science Monitor
"Scientists make flat surface behave like spherical antenna
Scientists create an artificial surface that can bend and focus electromagnetic waves like an antenna
By Sudeshna Chowdhury, Staff writer / April 15, 2014
The prototype of the fabricated metasurface lens shown with simulated x components of electric fields at 9 GHz with the source placed at the bottom left, right and center of the lens. (Credit: T.J. Cui/Southeast University Nanjing)
Researchers from China have created artificial surfaces that can bend and focus electromagnetic waves just like an antenna.
By arranging a large collection of tiny, metallic, U-shaped structures on the surface of a dielectric material, the team manufactured what they are calling "the first broadband transformation optics metasurface lens." The new lens has properties not found in nature.
The unique lens was engineered to mimic the properties of a Luneburg lens, a spherical lens first developed in the 1940s. Most lenses made up of single materials, such as plastic or glass, can uniformly bend light. The refractive index of a lens depends on what material it is made of. Glass, for example, has a refractive index higher than than of quartz. But in a Luneburg lens, the refractive index varies across its spherical surface, so the light bends depending on which part it hits.
Also, a typical Luneburg lens is unusual because it “can focus plane waves to a point at the edge of the lens, or radiate waves of the point source with high directivities, according to the findings of the study published in the journal of Applied Physics Letters on April 14, 2014.
Simply put, such a lens is capable of focusing light or electromagnetic waves to an “off-axis point at the edge of the lens." This means that the lens doesn’t directly focus light in front of it or behind it like a normal lens does. It can also direct electromagnetic waves coming from a nearby point source and radiate them in a particular direction.
Luneburg lenses have a wide range of applications as radar reflectors and as microwave antennae.
But the spherical nature of a Luneburg lens limits its use in other applications, Tie Jun Cui from Southeast University in Nanjing, China and an author on the paper said in a press release.
Therefore, the idea was to create a lens which would be flat yet it would have all the properties of a Luneburg lens.
"We now have three systematical designing methods to manipulate the surface waves with inhomogeneous metasurfaces, the geometric optics, holographic optics, and transformation optics," Dr. Cui said. 'These technologies can be combined to exploit more complicated applications.'"
Scientists make flat surface behave like spherical antenna | Christian Science Monitor
"Scientists make flat surface behave like spherical antenna
Scientists create an artificial surface that can bend and focus electromagnetic waves like an antenna
By Sudeshna Chowdhury, Staff writer / April 15, 2014
The prototype of the fabricated metasurface lens shown with simulated x components of electric fields at 9 GHz with the source placed at the bottom left, right and center of the lens. (Credit: T.J. Cui/Southeast University Nanjing)
Researchers from China have created artificial surfaces that can bend and focus electromagnetic waves just like an antenna.
By arranging a large collection of tiny, metallic, U-shaped structures on the surface of a dielectric material, the team manufactured what they are calling "the first broadband transformation optics metasurface lens." The new lens has properties not found in nature.
The unique lens was engineered to mimic the properties of a Luneburg lens, a spherical lens first developed in the 1940s. Most lenses made up of single materials, such as plastic or glass, can uniformly bend light. The refractive index of a lens depends on what material it is made of. Glass, for example, has a refractive index higher than than of quartz. But in a Luneburg lens, the refractive index varies across its spherical surface, so the light bends depending on which part it hits.
Also, a typical Luneburg lens is unusual because it “can focus plane waves to a point at the edge of the lens, or radiate waves of the point source with high directivities, according to the findings of the study published in the journal of Applied Physics Letters on April 14, 2014.
Simply put, such a lens is capable of focusing light or electromagnetic waves to an “off-axis point at the edge of the lens." This means that the lens doesn’t directly focus light in front of it or behind it like a normal lens does. It can also direct electromagnetic waves coming from a nearby point source and radiate them in a particular direction.
Luneburg lenses have a wide range of applications as radar reflectors and as microwave antennae.
But the spherical nature of a Luneburg lens limits its use in other applications, Tie Jun Cui from Southeast University in Nanjing, China and an author on the paper said in a press release.
Therefore, the idea was to create a lens which would be flat yet it would have all the properties of a Luneburg lens.
"We now have three systematical designing methods to manipulate the surface waves with inhomogeneous metasurfaces, the geometric optics, holographic optics, and transformation optics," Dr. Cui said. 'These technologies can be combined to exploit more complicated applications.'"
Genesis
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Let's hear it, false data, propaganda, it's a bubble, shadow banking, Chinese suck, you suck, you will crash, CCP is done, what else am I missing here? Got to be something.
As it turns out, we don't care what you think, we will continue to advance, and you can continue to say what you will.
China's economy expanded by 7.4% in the first quarter of the year, better than what many were expecting.
But it is a slowdown from 7.7% growth in the final quarter of last year.
Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago.
Retail sales for the month of March spiked by 12.2%, underscoring China's efforts to boost economic growth via domestic consumption.
Last year China set its growth target for 2014 at 7.5%, part of efforts to stabilise the economy after years of fast-paced expansion.
China's growth data is closely watched around the region. A slowdown could hurt Asian economies especially those which export commodities and industrial components to the world's second largest economy.
A sluggish start for the year is not uncommon, due to the Lunar New Year holiday when many businesses and factories shut down operations for about two weeks.
But recent data from the manufacturing as well as industrial sectors have been weak, raising fears of a prolonged slowdown.
Economic boosters
Amid these concerns, China has recently taken more steps to give a jolt to its economy.
A mini-stimulus measure announced earlier this month will see Beijing extending a tax break for small and medium-sized companies, and ramping up spending on China's railway infrastructure.
In addition, the mainland also took steps to open up its capital markets by announcing a tie-up with Hong Kong, allowing for cross-border stock investment. The pilot scheme is scheduled to take off in about six months.
And in January, China launched a free-trade zone in Shanghai, seen as a test bed for reforms in key areas of the economy, such as the financial and telecom sectors which previously were tightly controlled by the government.
China also said it will allow foreign firms to make gaming consoles within the free-trade zone and sell them across China - lifting a ban on gaming consoles which had been in place since 2000.
China doubled the daily trading band for its currency this year to 2%
Bottoming out?
Analysts are hopeful that the Chinese economy has bottomed out, and will perform better later in the year.
Julian Evans-Pritchard from Capital Economics said: ``Chinese growth held up better than expected last quarter and there are signs that downwards pressure on growth has eased somewhat.''
"While Q1 GDP growth slowed, we believe that the growth momentum has stabilised in March. Port throughput data and our field study also suggest that China's trade may have bottomed out, and will become more resilient than what the current headline numbers suggest," said Zhou Hao who covers the Chinese economy for ANZ in Shanghai.
China's trade figures for March had shown a sharp drop in both imports and exports.
Earlier this month the World Bank lowered its growth forecast for the Chinese economy this year to 7.6% for this year from a previous prediction of 7.7%.
As it turns out, we don't care what you think, we will continue to advance, and you can continue to say what you will.
China's economy expanded by 7.4% in the first quarter of the year, better than what many were expecting.
But it is a slowdown from 7.7% growth in the final quarter of last year.
Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago.
Retail sales for the month of March spiked by 12.2%, underscoring China's efforts to boost economic growth via domestic consumption.
Last year China set its growth target for 2014 at 7.5%, part of efforts to stabilise the economy after years of fast-paced expansion.
China's growth data is closely watched around the region. A slowdown could hurt Asian economies especially those which export commodities and industrial components to the world's second largest economy.
A sluggish start for the year is not uncommon, due to the Lunar New Year holiday when many businesses and factories shut down operations for about two weeks.
But recent data from the manufacturing as well as industrial sectors have been weak, raising fears of a prolonged slowdown.
Economic boosters
Amid these concerns, China has recently taken more steps to give a jolt to its economy.
A mini-stimulus measure announced earlier this month will see Beijing extending a tax break for small and medium-sized companies, and ramping up spending on China's railway infrastructure.
In addition, the mainland also took steps to open up its capital markets by announcing a tie-up with Hong Kong, allowing for cross-border stock investment. The pilot scheme is scheduled to take off in about six months.
And in January, China launched a free-trade zone in Shanghai, seen as a test bed for reforms in key areas of the economy, such as the financial and telecom sectors which previously were tightly controlled by the government.
China also said it will allow foreign firms to make gaming consoles within the free-trade zone and sell them across China - lifting a ban on gaming consoles which had been in place since 2000.
Bottoming out?
Analysts are hopeful that the Chinese economy has bottomed out, and will perform better later in the year.
Julian Evans-Pritchard from Capital Economics said: ``Chinese growth held up better than expected last quarter and there are signs that downwards pressure on growth has eased somewhat.''
"While Q1 GDP growth slowed, we believe that the growth momentum has stabilised in March. Port throughput data and our field study also suggest that China's trade may have bottomed out, and will become more resilient than what the current headline numbers suggest," said Zhou Hao who covers the Chinese economy for ANZ in Shanghai.
China's trade figures for March had shown a sharp drop in both imports and exports.
Earlier this month the World Bank lowered its growth forecast for the Chinese economy this year to 7.6% for this year from a previous prediction of 7.7%.
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