China39;s industrial output growth slowed in Oct, misses forecasts
Retail sales up, boosted by holiday and Singles39; Day
Property sector remains weak, too early to call turn in demand
Trump win poses threat to China growth, may bring more stimulus
BEIJING, Nov 15 Reuters China39;s factory output growth slowed in October and it was still too early to call a turn in the crisishit property sector even though consumers perked up, keeping alive calls for Beijing to topup its recent blitz of stimulus to revitalise the economy.
The burst of data is likely to maintain pressure on Chinese policymakers as they brace for the return to the White House of Donald Trump, who has vowed to hike tariffs on Chinese goods and named China hawks to his cabinet in a troubling sign for the world39;s secondbiggest economy.
October industrial output grew 5.3 from a year earlier, National Bureau of Statistics NBS data showed on Friday, slowing from September39;s 5.4 pace and missing expectations for a 5.6 increase in a Reuters poll.
However, retail sales, a gauge of consumption, rose 4.8 in October, accelerating from the 3.2 pace in September and marking the quickest growth since February.
Retail growth was boosted by a weeklong holiday and the annual Singles39; Day shopping festival, which kicked off on Oct. 14, ten days earlier than last year.
Data provider Syntun estimated that sales across major ecommerce platforms rose 26.6 to 1.44 trillion yuan over the Singles Day event….