CHINA'S STATS BUREAU SAYS DOMESTIC DEMAND REMAINS INSUFFICIENT

CHINA'S STATS BUREAU SAYS DOMESTIC DEMAND REMAINS INSUFFICIENT
China's November data:
Retail sales grew 3.0% year-on-year (expected: 4.6%).
Industrial output increased 5.4% year-on-year (expected: 5.3%).
NBS comments:
Positive changes in China’s economy have been observed.
The external environment has become more complex.
Domestic demand remains insufficient.
Some enterprises are facing operational difficulties.
The foundation for sustained economic recovery still needs strengthening.
The trend of recovery in consumption remains unchanged.