Useful information

Prime News delivers timely, accurate news and insights on global events, politics, business, and technology

Leader of South Korea’s ruling party resigns after impeachment vote


China’s retail sales fell short of expectations in November, increasing pressure on authorities as they seek to restore confidence in the world’s second-largest economy.

Retail sales rose 3 percent, missing analysts’ forecasts of 4.6 percent and up 4.8 percent in October. Industrial production in November rose 5.4 percent, slightly above expectations.

The data comes days after China held its annual Central Economic Work Conference, at which party leaders called for “vigorous” efforts to boost consumption.

In the real estate sector, where the slowdown has posed a significant challenge for authorities, new home prices continued to fall, although at a slower pace than in previous months. Real estate investment is down 10.4 percent so far this year.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *