China Retail Sales Advances 9.5%, Missing Estimates

The video discusses China's economic data, focusing on retail sales, fixed asset investment, and industrial production for the January-February period. Retail sales grew by 9.5%, missing the 10.6% estimate, marking the slowest growth since 2003. Fixed asset investment exceeded expectations at 8.9%, with the private sector contributing 6.7%. Industrial production aligned with estimates at 6.3%. The data highlights China's economic rebalancing and the importance of consumer spending. The GDP target for 2017 is set at 6.5%, with policy adjustments expected.

What was the lowest increase in retail sales since which year?

What is the GDP target for China in 2017?