Chinese stocks have fallen as November’s economic growth missed expectations, impacting retail and property sectors. Key indicators such as retail sales and property investment underperformed forecasts.
The National Bureau of Statistics reported a 3% year-on-year increase in November retail sales, down from October’s 4.8% growth and missing economists’ estimates of 5.3%. Fixed-asset investment grew by 3.3%, while property investment declined by 10.4%.
Leaders at the Central Economic Work Conference (CEWC) prioritized boosting domestic demand amid economic challenges for 2025. Despite this, China’s economic outlook faces external headwinds, including geopolitical tensions and semiconductor embargoes.
Experts suggest that broader policy measures are needed to boost consumer confidence and stabilize key markets like property and stocks. Chinese listed companies such as Alibaba Group Holding, JD.com, Inc., and Baidu, Inc. have seen their stocks fall.
Source: https://www.benzinga.com/24/12/42508408/what-is-going-on-with-alibaba-jd-li-auto-xpeng-stocks-on-monday