China's factory output up, but consumption still a drag

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BEIJING: China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more U.S.trade tariffs under a second Trump administration.

The remarks echoed commitments made by a meeting of top Communist Party officials, the Politburo, earlier this month, which endorsed an "appropriately loose" monetary policy in the first easing of its stance in 14 years.

NBS spokesperson Fu Linghui told a media briefing that the trend of recovery in consumption has not changed and that officials would implement more policies to boost domestic demand.

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Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: /Business/Business News Retail sales Tariffs Industrial Donald Trump Economy Stimulus

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 11:49:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 583 words

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Sentences: 23 lines

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News ID: 24425145

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