Data published this morning by China’s National Bureau of Statistics showed that both industrial production and retail sales dipped again last month. The annualised pace of growth in industrial production fell to 5.4 per cent, from 5.9 per cent in October, the slowest since February 2016. Retail sales grew by 8.1 per cent in the year to November, the slowest since 2003 and down from 8.6 per cent in October.
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