China starts to recover and still has room for further cuts.

From the Australian Markets Weekly:

The Chinese indicators released on Sunday showed further signs of recovery, with better than expected outcomes for industrial production and retail sales. Industrial production rose 10.1%yoy in November (median 9.8%) from 9.6%, continuing to trend
higher after the 3-year low of 8.9% seen in August. Retail sales were up 14.9%yoy in November (median 14.6%) from 14.5%. Meanwhile inflation was subdued, up just 0.1% in November and 2.0%yoy (median 2.1%), meaning the PBoC has room to stimulate the economy further if growth unexpectedly slows again.

China Inflation

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