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Autos drive solid China retail sales report

Retail sales rise 11.2% y/y in November vs 11.1% expected

Chinese retail sales were slightly stronger than estimates as auto sales picked up. Vehicle sales climbed 9% y/y in November compared to 7.1% in October.

A strong automotive sector also boosted industrial production .

The strength in auto sales and manufacturing was likely due to a sales cut tax in September for small and medium-sized cars.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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