BEIJING — China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.
BEIJING — China 's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.The mixed set of data underlines the challenges facing Chinese leaders heading into 2025, when trade relations with the United States could worsen at a time when domestic consumption also remains weak.
NBS spokesman Fu Linghui told a media briefing that the trend of recovery in consumption had not changed and that more efforts would be needed to ensure the economic recovery continued into 2025.At last week's Central Economic Work Conference , a closely-watched agenda-setting meeting, China's top leaders pledged to raise the budget deficit, issue more debt, and make boosting consumption a top priority.
China Consumption Drag On Fragile Economy
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