National Bureau of Statistics: Total retail sales of consumer goods in November amounted to 4.3898 trillion yuan, increasing by 1.3% year-on-year.
From January to November, the total retail sales of consumer goods reached 45.6067 trillion yuan, representing a growth of 4.0%. Excluding automobiles, the retail sales of consumer goods amounted to 41.1637 trillion yuan, increasing by 4.6%.
National Bureau of Statistics: Retail sales of consumer goods increased by 1.3% in November.
Data from the National Bureau of Statistics showed that in November, the total retail sales of consumer goods reached 4.3898 trillion yuan, increasing by 1.3% year-on-year.
PBOC: At the end of November, the broad money supply (M2) stood at RMB 336.99 trillion, up 8% year-on-year.
At the end of November, the broad money supply (M2) stood at 336.99 trillion yuan, representing a year-on-year increase of 8%. The narrow money supply (M1) reached 112.89 trillion yuan, up 4.9% year-on-year. The currency in circulation (M0) amounted to 13.74 trillion yuan, marking a year-on-year growth of 10.6%.
Are interest rate cuts and reserve requirement reductions imminent? The Central Economic Work Conference sets a clear direction for a more proactive fiscal policy and moderately accommodative monetary policy in 2026.
At the annual Central Economic Work Conference held in Beijing, China's top leadership announced the overall direction of fiscal and monetary policy for 2026, emphasizing the implementation of a more proactive fiscal policy and a moderately accommodative monetary policy. The focus will be on stabilizing growth, preventing risks, expanding domestic demand, and promoting high-quality development. The conference reviewed the economic performance of 2025, assessed the current domestic and international situation, and identified key policy tasks to lay the groundwork for the opening year of the '15th Five-Year Plan.'
Onshore Yuan Strengthens After PBOC's Currency Fixing at 14-Month High -- Market Talk
National Bureau of Statistics: CPI increased by 0.7% year-on-year in November 2025.
In November 2025, the national consumer price index increased by 0.7% year-on-year.