China’s investment slowed further in November while retail sales grew at the slowest pace since the Chinese regime lifted stringent COVID-19 pandemic restrictions, official data showed on Dec. 15, highlighting challenges Beijing faces in reforming its economic growth model.
Industrial production grew by 4.8 percent year over year in November, slower than the 4.9 percent growth seen in October, according to data released by the National Bureau of Statistics of China. It fell short of a 5 percent growth forecast by economists and marked the slowest expansion since August 2024.
Retail sales, a measure of consumer spending, rose by 1.3 percent year over year, a slowdown from the 2.9 percent in October. This figure represented the worst performance since December 2022, when the world’s second-largest economy lifted its draconian COVID-19 pandemic restrictions. Economists polled by Reuters had expected a 2.8 percent increase….
China’s Investment Slumped Further in November Amid Calls to Reform
