© Reuters. FILE PHOTO: Employee works on a production line inside a Dongfeng Honda factory in Wuhan
By Stella Qiu and Ryan Woo
BEIJING (Reuters) – Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19 lockdowns, but further expansion will be hard to attain without stronger broad-based demand and exports.
Railway investment, for example, soared 11.4% in April-June from a year earlier versus a 21% drop in the first quarter.
Industries also gained from pent-up demand for autos and electronics. The property sector, a pillar of growth, also showed signs of rebounding, with real estate investment expanding and sales quickening.
China’s factory-gate prices, still in deflation territory this