Despite efforts to stimulate growth through various programs, China's retail sales growth slowed unexpectedly to 3.3% in November, compared to 4.6% forecast, indicating economic challenges.
Beijing has announced new measures aimed at 'lifting consumption vigorously,' responding to the slow retail growth, and is committed to a 'moderately loose' monetary policy in support of economic activities.
President Xi Jinping emphasized the need for increased social financing and the potential for interest rate reductions as part of the strategy to reignite consumption amid economic pressures.
The markets reacted cautiously to the economic data with initial declines, but the Shanghai Exchange managed to recover shortly after, highlighting investor resilience against broader economic concerns.
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