China Retail Sales Weaken to Worst Outside Covid as Growth Slows
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China’s retail sales growth was the weakest since the crash caused by Covid while investment slumped further, underlining growing risks to the economy after several months of deterioration.Retail sales rose just 1.3% in November from a year ago — the slowest figures on record, outside the pandemic. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast was for the growth pace to stay at 2.9% for a second month.