China's Economy Holds Momentum as Output, Investment Accelerate

China’s economy started the year on a firm footing as its old growth engines gathered pace, with home sales remaining resilient and steel and aluminum rebounding as prices rallied.

The reports show investment, property and industrial drivers helping to boost growth across the economy as top leaders conclude their legislative gathering and look ahead toward a twice-a-decade leadership shift in the fourth quarter. Steadier expansion, which lifted the Bloomberg Intelligence China monthly growth tracker to 6.99 percent in February, gives the People’s Bank of China more maneuvering room as it boosts money-market rates to contain corporate leverage.