China's Economy: November Data to Confirm Weak Domestic Demand

• China's November economic report is expected to be lackluster, with subdued domestic demand offsetting solid exports.
• Retail sales are projected to rise 2.9% in November, matching the weakest gain since August last year.
• Fixed asset investment is seen contracting 2.3% for Jan-Nov, a plunge largely due to the ongoing property slump.
• Industrial production is forecast to increase 5% in November, a slight rise from October.
• Chinese leaders prioritize boosting domestic demand and pledged supportive policies, including potential increases in consumption subsidies.

Why It Matters: China's economic slowdown, driven by weak domestic demand, poses global concerns.