China: Markets comfortable with the mainland macro backdrop - BBH

Analysts at BBH note that China reported January-February IP and retail sales and the two months are combined to limit Lunar New Year distortions.  

Key Quotes

“IP rose 7.2% y/y vs. 6.2% expected, while sales rose 9.7% y/y vs. 9.8% expected.  For now, markets appear comfortable with the mainland macro backdrop.  Policymakers kept the growth target for this year steady at 6.5%, which signals “steady as she goes.”