SASAC said that in January, the output of raw coal, sales of refined oil products and the production and sales of steel products of central enterprises have all maintained steady growth. Trade volume has also delivered rapid growth.

In addition, the downward real estate investment will drive down the output of traditional industries such as steel, nonferrous metals and cement.

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China's economic growth will recover to over 5 percent in 2022 despite headwinds, as the government has pledged front-loaded policy support to shore up growth, experts said on Wednesday.

Experts anticipate reduction in reserve ratio, increased infrastructure spending, tax cuts.