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China’s retail sales are up 3.9% in November, but it is below expectations and markedly slower than October’s 4.9%. – EPA pic, December 15, 2021.

CHINA’S retail sales grew slower than expected last month with consumers cautious as domestic coronavirus cases rose, official data showed today, but industrial output picked up after power shortages eased.

A rebound in the world’s second-biggest economy has been losing steam, with indicators muted last month, after the country made a swift coronavirus recovery helped by strict border controls and targeted lockdowns.