China Beats Estimates in November’s Economic Recovery, Jobless Rate Wanes

China extended its strong momentum in economic activity with an across-the-board recovery in November, according to Market Watch. The urban jobless rate fell for a fourth straight month to 5.2%, down from October’s 5.3%. 

• Industrial output rose 7.0% in November year over year, up from 6.9% in October beating analysts’ expected 6.8%
• Fixed-asset investment rose 2.6% in the January-November period, faster than the 1.8% pace recorded in the first 10 months, exceeding analysts’ expected 2.5% 
• Retail sales rose 5.0% in November year over year, up from 4.3% in October, but below analysts’ expected  5.5% 

China’s stocks and Yuan are gaining. CSI 300 is up 0.21%, USDCNY is down 0.14%