China Retail Sales Highlight Domestic Demand Woes; Hang Seng Index Falls
Home Price Index fell 5.7% year-on-year in November after decreasing by 5.9% in October.
Repaired property financial investment increased 3.3% year-to-date in November, below 3.4% in October.
Commercial production increased by 5.4% year-on-year, up from 5.3% in October.
Retail sales were up 3.0% year-on-year in November, down greatly from 4.8% in October.
China's joblessness stayed constant at 5.0%.
While commercial production increased, repaired possession financial investment dipped, recommending prospective front-loading ahead of United States tariffs on Chinese items. The significant drop in retail sales was more worrying, strengthening the requirement for stimulus steps to drive usage and domestic need.
The pullback in retail sales lined up with current inflation figures, showing a ...