Industrial Output in China Rose Beating Expectations

Industrial output in China grew 3.8% in November from a year earlier which advanced from a 3.5% increase in October, according to official data on wednesday. 

Growth in output increased from Reuters poll forecast of 3.6% year-on-year. 

Meanwhile, retail sales in November rose  3.9% from a year earlier with Reuters poll forecast of 4.6% after rising 4.9% in October. 

China’s economy faces heightened headwinds after gross domestic product hit the slowest pace in a year in the third quarter.