China’s economy is showing some signs for concern after key data was released on Monday (Dec 16) for the month of November. Retail sales, a gauge of consumption, grew just 3.3 per cent last month, much slower than a 4.8 per cent rise seen in October. This prompted the government to promise more policies to boost domestic demand. The world's second largest economy has been contending with pressure from multiple fronts this year. Hao Hong, chief economist at Shanghai-based GROW Investment Group, tells CNA’s Asia Now about his concerns over the data and what stimulus measures he is expecting.
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CNA