China’s November Data Signals Recovery Continues. PBOC to Keep Powder Dry

<p>The latest set of economic data indicates economic recovery in China continued. Growth in industrial production improved slightly, while manufacturing investment accelerated, thanks to strong exports growth. Retail sales growth accelerated, suggesting internal circulation has taken effect. Industrial production expanded +7% y/y in November, inline with expectations and up +0.1 ppt from a month ago. [&#8230;]</p>
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