From CNBC: 2024-11-14 19:26:21

China’s National Bureau of Statistics set to release retail sales, industrial production, and fixed-asset investment data for October. Retail sales expected to rise to 3.8%, industrial production forecasted to increase by 5.6%, and fixed-asset investment anticipated to grow by 3.5% year-on-year.

Chinese authorities have implemented stimulus measures, including interest rate cuts and real estate support. Ministry of Finance announces a five-year 10 trillion yuan program to address local government debt. Manufacturing activity picked up, exports surged, but imports declined due to soft domestic demand.

Consumer price index rose by 0.2% in October, slightly better than September. Stimulus measures have focused on industries, not directly targeting consumers. Golden Week holiday showed cautious consumer spending, but Singles Day sales exceeded expectations. China’s GDP grew by 4.8% in the first three quarters, aiming for around 5% growth for the year.

Read more: China set to report retail sales and industrial production data for October