China's industrial added value up 20.7% in Feb

Industrial output continues its steady growth, gaining almost 21 percent.

Urban fixed-asset investment climbed 26.6 percent so far this year, with retail sales keeping pace with year-on-year expansion of 17.9 percent. Although both figures beat expectations, the NBS spokesman says this doesn't indicate signals of economic overheating.

Shen Laiyun, Spokesman National Bureau of Statistics, said, "We analyzed these figures by using last year's figures and some other indicators. In general we believe the growth rate, discounting some structural factor, is still rather normal. There is no clear signs of overheating."