Weaker local demand bite into China’s retail sales and industrial output growth

The Chinese government has released data for November retail sales and industrial output growth, and both saw reductions from October.

Retail sales growth decreased 0.5 percent from last month to 8.1 percent in November and this is the weakest pace since 2003. 

Industrial output growth reached 5.4 percent, down from the 5.9 percent in the previous month.

Domestic demand in China seems weaker in recent months following a multi government-campaigns to crack down shadow banking and the escalated trade war with the USA that chill investment, exports, and growth.