Fear of ‘threefold pressure’ for China’s economy highlighted by retail slowdown

Evidence of the “threefold pressure” facing China’s economy came thick and fast on Wednesday as retail sales growth slowed and coronavirus outbreaks continued to disrupt production and the labour market last month, analysts said.Retail sales fell short of expectations as they grew by just 3.9 per cent in November, down from October, less than a week after China’s tone-setting annual central economic work conference warned of a contraction of demand, supply shocks and weaker expectations.The…

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