China's economy is slowly stabilizing: Industrial production surprises positively

China's industrial production recorded a pleasing growth of 5.4% in November compared to the previous year, indicating a slight acceleration compared to the October growth of 5.3%. This development suggests that the government's recent support measures are beginning to take effect, and the world's second-largest economy is gradually gaining stability. The data published by the National Statistics Office exceeded the forecasts of a Reuters survey of 26 analysts, who had expected an increase of 5.3%. Despite this positive news, retail sales in November could only rise by 3.0%, compared to an increase of 4.8% in October. A rise of 4.6% had been predicted. Fixed-asset investment rose by 3.3% year-on-year from January to November, slightly below expectations of 3.4%. In the January to October period, the growth was 3.4%.