China Nov Retail Sales (YoY) 1.3% (exp 2.9%) & Industrial Production (YoY) 4.8% (exp 5.0%)

China's property investment plummeted to a 15.9% year-on-year decline in the first 11 months, a widening drop from the previous period.

Property sales and new construction starts also continued to decrease, alongside a significant fall in funds raised by developers.

• New Construction Starts showed at –20.5% Y/Y
• Fixed-Asset Investment: –2.6% Y/Y
• Property Investment: –15.9% Y/Y
• Funds Raised by Real Estate Developers: –11.9% Y/Y

Urban area unemployment rate 5.10%

• same as October, 5.10%

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Earlier:

• China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worries
• USTR Greer calls for smaller, balanced China trade and tighter USMCA enforcement

• China November new house prices -0.4% m/m and -2.4% y/y