China's economy is seeing a palpable recovery in the early stages of 2023

China's economy is seeing a palpable recovery in the early stages of 2023 with multiple highlights, a signal that economists believe bodes a promising prospect for the full-year growth target.

China's value-added industrial output, an important economic indicator on the supply side, went up 2.4 percent year-on-year in the first two months of 2023, expanding by 1.1 percentage points from the level in December 2022, according to data from the National Bureau of Statistics (NBS) released on Wednesday.

On the demand side, the retail sales of consumer goods, fixed-asset investment and exports of goods -- major gauges for consumption, investment and foreign trade -- rose 3.5 percent, 5.5 percent and 0.9 percent year-on-year during the same period, respectively, data revealed.