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BEIJING, March 11 (Xinhua) -- The latest economic data suggests continued downward pressure on China after worse-than-expected figures for industrial activity and investment were released for the first two months of 2015.


Industrial output in the world's second largest economy grew 6.8 percent year on year in January-February Authentic Ryan Nugent-Hopkins Jersey , down 1.1 percentage points compared to growth for December, the National Bureau of Statistics (NBS) announced Wednesday.


Growth has undershot market estimates of 7.7 percent.


"It also fell short of our estimate of 8 percent," said Bob Liu, an analyst with China International Capital Corp. (CICC) Authentic Oscar Klefbom Jersey , who cited weakened domestic demand as the key cause.


Month on month, industrial output in February grew 0.45 percent from the previous month, NBS data showed.


The output of manufacturing rose 7.5 percent during the first two months while mining saw output grow 4.2 percent, growth for electricity Authentic Kailer Yamamoto Jersey , heating, gas and water was 4 percent.


Industrial output of state-owned and state-controlled enterprises saw 2.2 percent growth year on year in the first two months, while that of joint stock companies expanded by 7.7 percent. Industrial output of enterprises funded by overseas investors expanded by 4.9 percent.


According to the NBS, economic data including industrial output Authentic Cam Talbot Jersey , fixed asset investment, retail sales and property investment for January, together with data for February, were arranged for joint release in March.


Fixed-asset investment growth slowed to 13.9 percent during the same period Authentic Milan Lucic Jersey , down 1.8 percentage points compared to the annual growth rate for last year.


Property investment grew 10.4 percent, compared to 10.5 percent in 2014, however, a 16.3 percent drop in property sales in terms of floor space has complicated future investment growth Authentic Darnell Nurse Jersey , according to analysts.


Retail sales grew 10.7 percent, also down from 11.9 percent registered for December.


"We believe that the Chinese economy is still facing mounting downward pressure [...] authorities may need to loosen monetary policies and enhance fiscal support to stabilize growth," according to a research note by Minsheng Securities.


Chinese Premier Li Keqiang said last week that he was fully confident of the Chinese economy.


"Our country's development has enormous potential and is hugely resilient, with ample room for growth."


He said China must maintain steady growth to ensure employment rates and income continue to increase Authentic Ryan Strome Jersey , hailing mass entrepreneurship and innovation as new growth drivers.