China’s Retail Sales Fall Short In November As Trump Tariffs Loom

Benzinga

China's industrial output grew 5.4% year-over-year in November, slightly higher than analysts expectations. Retail sales rose 3%, falling short of predictions, marking their slowest growth in three months. Analysts attributed weaker retail sales to the early "Double 11" shopping festival, suggesting a higher growth rate for the two months, though consumer demand remains weak and heavily dependent on government subsidies. Policymakers are outlining 2025 plans to address economic challenges anticipated from Trump's return to the White House.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Penn's industrial output grew 5.4% year-over-year in November,

00:06slightly higher than analysts' expectations. Retail rose 3%,

00:09falling short of predictions, marking their slowest growth in three months.

00:13Analysts attribute weaker retail sales to early double 11 shopping festival,

00:18suggesting a higher growth rate for the two months,

00:20though consumer demand remains weak and heavily dependent on government subsidies.

00:25Policymakers are outlining 2025 plans to address economic challenges anticipated

00:32from Trump's return to the White House.

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