China retail sales beat forecasts in October while real estate slump worsens

In October, China saw strong growth in retail sales, with a 4.8% increase year-on-year, exceeding expectations. However, real estate investment declined by 10.3%, indicating ongoing struggles in the property market. Despite this, the country’s stimulus measures have bolstered certain sectors of the economy, prompting predictions of stabilization and slight recovery in real estate investment in the next 12 to 18 months.

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