China’s economy seems to be heading towards recession and recent data strengthens this concern. China’s retail sales grew by only 1.3% in November, which is the lowest level in the last three years.
Industrial production stood at 4.8%, which is lower than estimates and gives a signal of slowdown. Due to the weakness of the property sector, there has also been a decline in Fixed Asset Investment.
Urban Unemployment Rate is stable at 5.1%, which means no significant improvement is visible in the job market. If this weakness persists, Global Trade and Commodity Prices will be affected. For India, along with risk, it can also bring opportunity in manufacturing and exports.
