China released upbeat macroeconomic data on Tuesday indicating that the economy remained on solid footing at the start of the year, and analysts said the trend will continue through the year.

Industrial output rose by 6.3 percent year-on-year in the first two months, according to the National Bureau of Statistics.

Fixed asset investment, a major driver of growth, increased by 8.9 percent year-on-year in the first two months, down from 10.2 percent in the same period last year. But it was the fastest pace since July.