China set to report retail sales and industrial production data for October

Published On Nov 14, 2024, 7:26 PM

China is set to report its October retail sales and industrial production data, with analysts expecting retail sales to grow by 3.8% year-on-year, up from 3.2% in September, and industrial production to rise by 5.6%. The government has recently implemented stimulus measures, including interest rate cuts and a significant fiscal stimulus program worth 10 trillion yuan, to boost economic growth. Despite a rise in exports and improved manufacturing activity, domestic demand appears soft, as indicated by falling imports and modest consumer price increases. These reports are crucial as they will shed light on China's economic recovery efforts and consumer confidence post-COVID.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

FXI View FXI chart on TradingView

Positive

The anticipated increase in retail sales and industrial production suggests a positive momentum for China's economy. However, the soft domestic demand and cautious consumer spending point towards ongoing challenges. The recent stimulus measures may help improve sentiment and spending in the near term.

Related News

State leaders urged to divest pension funds from China: watchdog

Nov 14, 2024, 12:00 PM

A watchdog letter is urging U.S. state leaders to divest public funds from China, citing rising risks of geopolitical conflict, lack of financial transparency and U.S. restrictions.

FXI

Trump Is Set to Elevate China Hawks, Deepening Beijing Rift

Nov 12, 2024, 1:57 AM

(Bloomberg) -- President-elect Donald Trump is poised to pick two men with track records of harshly criticizing China for key posts in his new administration, a sign relations between the superpowers may deteriorate further in coming years.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Im

SPY

FXI

S&P 500 futures climb slightly following broad index's best week of the year: Live updates

Nov 10, 2024, 6:02 PM

Stocks are coming off a winning week that centered on the presidential election and Fed meeting.

SPY

FXI