The trade dispute with America, is slowing the Chinese economy. Retail trade and industrial production fell in November, well below expectations. The poor economic data, expressed on Friday, the Chinese equity markets and demonstrate in front of the country’s annual economic conference of Chinese leaders next week in Beijing, the challenges for the second-largest economy.
With 8.1 percent compared to November of the previous year, retail sales growth to its lowest level in 15 years fell as the Bloomberg news Agency calculated. The industrial production grew only 5.4 percent as slow as since ten years. Thus, the economy could fall growth at the end of the year, the 6.5 percent in the third quarter.
“full-blown crisis is unlikely,”
The bad mood because of the conflict with the United States should have pressed according to the experts, the buying mood. So, car sales in November by ten percent, and communications equipment by 5.9 percent compared to the prior-year period, ANZ Bank reported. Also, sales of Oil products fell noticeably, as the statistics office pointed out.