2019-12-16 03:05:20

China's factory, retail sectors shine as trade tensions thawGrowth in China's industrial and retail sectors beat expectations in November, as government support propped up demand in the world's second-largest economy and amid easing trade hostilities with Washington. The set of upbeat figures released on Monday follow firm signs of progress in Sino-U.S. trade negotiations over the weekend after the world's two largest economies announced a "phase one" trade deal that would nearly double U.S. exports to China. "Activity and spending indicators strengthened across the board last month, though we think this uptick will prove short-lived," said Martin Lynge Rasmussen, China Economist at Capital Economics.


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