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%
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