Logo 15 Dec 2022

The storm before the storm

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China’s stats bureau published the monthly econ data for November on Thursday.
The headlines:

Retail sales fell 5.9% y/y in November, down from a 0.5% y/y drop in October.
Fixed-asset investment rose 0.7% y/y in November, compared with 5.0% y/y growth in October.
Value-added output at industrial fi...