China Economy Forecast to Maintain Growth as Stimulus Kicks In

From bnnbloomberg.ca

China’s economy likely maintained momentum last month, with early indicators pointing to further stabilization as a broad package of stimulus measures took effect. Industrial output and retail sales are expected to have grown at the same if not slightly faster pace in November compared to October, according to forecasts by economists in a Bloomberg survey. The data are due Monday. The world’s second-largest economy has shown tentative signs of recovery since October after Beijing announced a raft of stimulus measures including interest-rate cuts. This bodes well for China to hit its 2024 growth target of around ... (full story)