Retail cools amid factory surgeChina's factory output grew faster than expected in November at 3.8 percent while retail sales growth cooled to 3.9 percent from a year ago, missing economists' forecasts of a 4.7 percent gain, official data showed.
The weakening of retail sales surprised analysts who were expecting a boost from the annual online "Singles Day" shopping festival.
Spending in the restaurant and catering sector fell year-on-year in November, while car sales dropped for a fifth straight month.
The data, along with a slowdown in investment growth and a slightly increased unemployment rate of 5 percent, underlines the persistent headwinds facing the economy.
Source: AP
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