Chinese economy sees stronger momentum for steady expansion

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Chinese economy sees stronger momentum for steady expansion

STORY: Chinese economy sees stronger momentum for steady expansion DATELINE: March 16, 2023 LENGTH: 00:02:21 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Chinese): FU LINGHUI, NBS spokesperson 3. various of China 4. SOUNDBITE 2 (Chinese): FU LINGHUI, NBS spokesperson 5. various of China STORYLINE: The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second-largest economy is set to secure a powerful recovery this year. Data from the National Bureau of Statistics (NBS) showed Wednesday that China's value-added industrial output went up 2.4 percent year on year in the first two months. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. The country's retail sales of consumer goods increased 3.5 percent year on year during the period, reversing declines seen in the previous three months. Sales of

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