中国-11 月经济活动数据前瞻：零售疲软、投资低迷、工业生产略有改善-China_ November activity data preview_ Weaker retail sales, still-depressed investment, and slightly better industrial production

11 December 2025 | 4:17AM HKT Economics Research China: November activity data preview: Weaker retail sales, still-depressed investment, and slightly better industrial production Bottom line: November activity data are scheduled for release next Monday (15 December). We expect industrial production (IP) growth to edge up to 5.1% yoy in November from 4.9% yoy in October, as the notable improvement in export growth may more than offset slowing auto output growth and slightly widening year-on-year contraction ...