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.
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