China's industrial output slows a bit

|By:, SA News Editor

Growth in China's industrial production slowed to 10% on year in November from 10.3% in October and just missed consensus of 10.1%.

However, retail sales accelerated to +13.7% from +13.3% and topped forecasts that were also +13.3%.

Urban investment, an indicator of construction spending, +19.9% vs +20.1% and +20%.

The mixed data comes as Chinese officials start an annual central economic work conference, where they will set goals and policies for next year. Last month, the country's leaders agreed on a massive reform program aimed at liberalizing and re-balancing the economy.

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