China economic data shows some renewed signs of weakness

China’s economy showed some renewed signs of weaknesses as key gauges for consumption and investment missed expectations, while Beijing continues to grapple with challenges including a drawn-out property market slump and waning business confidence.

Retail sales, a key metric for domestic consumption, rose 10.1% from a year earlier in November, topping the 7.6% growth marked in October but missing the 12.9% expansion expected by surveyed economists.

China’s retail sales dropped from the previous month, recording a 0.06% contraction from October.

Industrial production growth meanwhile climbed to 6.6% on year from 4.6% in October, the National Bureau of Statistics said Friday. The result beat the 5.9% increase expected by economists polled by The Wall Street Journal.

Fixed-asset investment increased 2.9% over the January to November period, matching the pace set in the first ten months of the year. Economists had expected fixed-asset investment to grow 3% on year.

China’s urban surveyed unemployment rate in November was 5%, the same rate as in October.

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