China's industrial output grew 5.4% year-over-year in November, outpacing forecasts.

China's industrial output rose by 5.4% in November, surpassing expectations, indicating a possible stabilization of the economy. Retail sales grew by 3.0%, slower than the previous month. The high-tech manufacturing sector saw strong growth, with new energy vehicle production up by 51.1%. Despite this, the economy faces challenges including sluggish consumer spending and ongoing trade tensions with the US.

December 16, 2024
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