property prices: But for now, it all about domestic drivers, with efforts to rein in property prices tapping the brakes on China consumer, according to Bloomberg. It probably consistent with policy remaining supportive of growth but no further ramping up or ramping down, said Shane Oliver, head of investment strategy at AMP Capital Investors in Sydney. Industrial production rose 6.1 percent from a year earlier in October, compared with median estimate of 6.2 percent in a Bloomberg survey and 6.1 percent in September Retail sales growth slowed to 10 percent, missing estimates for 10.7 percent Fixed-asset investment rose 8.3 percent in first ten months of the year Any sign the world second-largest economy is losing steam may add to uncertainty in the global economy, which already faces the prospect that U.S. President-elect Donald Trump will impose punitive tariffs on Chinese imports. The moderation in retail sales growth is a bit of a disappointment given a desire to continue rebalancing the economy toward greater consumer spending but then again what other country in the world has 10 percent retail sales growth function global function ad Code dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; China shoppers ongoing spending power was on display on Nov. 11, when Alibaba Group Holding Ltd. For a story on Alibaba Singles Day sales, click here We need to see another month of data, but it could be the consumer participation in growth is declining, said Andrew Collier, an independent analyst in Hong Kong and former president of Bank of China International USA. It harder for the government to control retail sales than FAI or industrial production, which is heavily state-driven. Singles Day posted record sales of 120.7 billion yuan 17.8 billion easily topping last year total of 91.2 billion yuan.
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Tagged under property prices, china consumer topics.