China’s November consumption misses estimate, adds urgency to stimulus
By Sylvia MaJi Siqi
China’s consumption growth slowed in November, as did property investment, while the industrial sector showed limited signs of recovery, underscoring challenges to Beijing’s push for an “all-around” expansion of domestic demand in 2025 amid external uncertainties.
Retail sales, a key indicator of consumption, increased by 3 per cent year on year last month, down from the 4.8 per cent growth in October, according to data released by the National Bureau of Statistics on Monday.
The reading missed estimates of 5.3 per cent growth projected by economists polled by Chinese financial data provider Wind.
China’s overall fixed assets investment – covering major items such as infrastructure spending, manufacturing and property construction – rose by 3.3 per cent in the first 11 months of the year, compared with the 3.4 per cent increase from January to October.
Property investment, which has been a major drag of the economy, fell by 10.4 per cent year on year from January to November, compared with the 10.3 per cent fall in the first 10 months of the year.
National Bureau of Statistics spokesman Fu Linghui said that while the national economy remained generally stable, “the external environment is increasingly complicated, with demand insufficient at home”.
via SCMP Full Text Feed
By Sylvia MaJi Siqi
China’s consumption growth slowed in November, as did property investment, while the industrial sector showed limited signs of recovery, underscoring challenges to Beijing’s push for an “all-around” expansion of domestic demand in 2025 amid external uncertainties.
Retail sales, a key indicator of consumption, increased by 3 per cent year on year last month, down from the 4.8 per cent growth in October, according to data released by the National Bureau of Statistics on Monday.
The reading missed estimates of 5.3 per cent growth projected by economists polled by Chinese financial data provider Wind.
China’s overall fixed assets investment – covering major items such as infrastructure spending, manufacturing and property construction – rose by 3.3 per cent in the first 11 months of the year, compared with the 3.4 per cent increase from January to October.
Property investment, which has been a major drag of the economy, fell by 10.4 per cent year on year from January to November, compared with the 10.3 per cent fall in the first 10 months of the year.
National Bureau of Statistics spokesman Fu Linghui said that while the national economy remained generally stable, “the external environment is increasingly complicated, with demand insufficient at home”.
via SCMP Full Text Feed
