China’s Fast-Growing Shows Signs of Continued Slowing

Executive Summary

Key economic data from November show the once break-neck pace of China’s economic growth has continued to slow.

• Retail sales grew 8.1% in November, the slowest rate of growth in 15 years, according to China’s National Bureau of Statistics.
• The government is also seeking to rein in debt, so has been cutting spending on infrastructure – once used as a key tool to drive economic growth.
• The government has responded to slowing economic growth with new initiatives to stimulate demand – especially given the uncertainty caused by the US trade dispute.