Skip to content
Subscriber Only
Business
Economics

China Rebalancing Takes Hold as Output Slows, Retail Jumps

  • Retail sales beat forecasts as Singles' Day smashes record
  • Fixed-asset investment growth slows to weakest pace since 2000
Video player cover image

China's Managed Risks in Move to Consumer Economy

Updated on

China’s industrial output matched the weakest gain since the global credit crisis last month, while retail sales accelerated, underscoring a shift in the economy toward greater reliance on consumer spending as old growth engines falter.

The good news is that signs of vibrancy in China’s swelling urban middle class abound: sales at retailers climbed by the most this year, and that was before Wednesday’s Singles Day -- a record shopping extravaganza championed by Alibaba Group Holding Ltd.