China's retail sales grew weakly in November, fueling concerns about consumption.
China 's economy slowed sharply in November, with consumption, investment, and industrial output growing less than anticipated, as authorities struggled to manage supply, revive demand, and halt the decline in the property sector. Retail sales rose by 1.3% last month compared to the same period a year ago, significantly lower than the 2.8% projected by Reuters and a deceleration from 2.9% in the prior month. Industrial production increased by 4.8% in November year-on-year, falling short of the 5% forecast and marking the weakest growth since August 2024.