China's November 2025 economic data showed weaker-than-expected growth in industry, retail, and investment, signaling ongoing domestic demand weakness.

China's industrial output grew 4.8% year-on-year in November 2025, slightly below October's 4.9% and missing the 5.0% forecast, according to official data. Retail sales rose 1.3% annually, down from October's 2.9% and below expectations. Fixed asset investment declined 2.6% for the first 11 months, worsening from October's 1.7% drop. The figures indicate ongoing weakness in domestic demand and economic recovery, despite modest industrial growth.