{"id":17167,"date":"2023-12-16T05:31:22","date_gmt":"2023-12-16T10:31:22","guid":{"rendered":"https:\/\/usa.businessupturn.com\/?p=17167"},"modified":"2023-12-16T05:31:22","modified_gmt":"2023-12-16T10:31:22","slug":"china-reports-fastest-industrial-output-growth-in-nearly-2-years-despite-of-retail-sales-missing-expectations","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/china-reports-fastest-industrial-output-growth-in-nearly-2-years-despite-of-retail-sales-missing-expectations\/17167\/","title":{"rendered":"China reports fastest industrial output growth in nearly 2 years, despite of retail sales missing expectations"},"content":{"rendered":"<p>On Friday, China reported its industrial output to be growing at the fastest pace since February 2022 in November, despite of the retail sale growth missed this achievement, hinting to a patchy recovery in the world\u2019s second-largest economy.<\/p>\n<p>Economists are approaching the China data with some caution, given a low base effect. The country was in the final months of its stringent zero-Covid curbs in the last quarter of 2022, which had adversely affected the economy.<\/p>\n<p>Miao Ouyang, the economist at Bank of America stated, \u201cThe data is a mixed bag.\u201d He added that if one studies the whole data at once, they will come to conclusion that the domestic demand still requires a lot of amendment, also the government \u201cneeds to do more to stabilize the economy.\u201d<\/p>\n<p>China registered growth of 6.6% for its industrial output in November, compared to last year, according to the country\u2019s National Bureau of Statistics Friday. It was expected for 5.6% in a Reuters polls and follows a 4.6% rise in October.<\/p>\n<p>Meanwhile, its retail sales climbed 10.1% in November from a year ago, which is the fastest pace since May. It had grown 7.6% in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, China reported its industrial output to be growing at the fastest pace since February 2022 in November, despite\u2026<\/p>\n","protected":false},"author":175,"featured_media":17307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[607],"class_list":["post-17167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china-economy"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/17167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/175"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=17167"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/17167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/17307"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=17167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=17167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=17167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}