China’s retail sales shrink far more than expected, while industrial production disappoints
- Retail sales fell by 5.9% in November from a year ago, worse than expectations for a decline of 3.7%, according to analysts polled by Reuters.
- Industrial production grew by 2.2% in November from a year ago, missing Reuters’ forecast for a 3.6% increase.
- A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.
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