China’s industrial production rose 6.2% yoy in November, accelerated from 4.7% yoy and beat expectation of 5.0% yoy. That’s also the fastest pace in five months. Retail sales rose 8.0% yoy, up from 7.2% yoy and beat expectation of 7.6% yoy. Fixed asset investment rose 5.2% YTD yoy, matched expectations. House price rose 0.3% mom, slowest since February 2018.
National Bureau of Statistics spokesman Fu Linghui said the data showed positive changes in the month and reiterated that China can achieve its full-year economic growth target. Fu also said China and US should continue bilateral trade talks and work towards removing all existing tariffs.