China's Economy: Steady Rates Amid Challenges

China's central bank maintains interest rates for the seventh consecutive month, despite economic headwinds.

• Key Rates Unchanged:
• 1-year loan rate: 3%
• 5-year loan rate: 3.5%

Economic Indicators Lag Expectations

• Retail Sales:
• Actual: 1.3% growth

• Expected: 2.8% growth

• Industrial Production:
• Actual: 4.8% growth
• Expected: 5% growth

Real Estate Sector Struggles

• Investment in Property and Fixed Assets:
• Decrease of 2.6% over the first 11 months of the year
• Expected decrease: 2.3%

• Home Prices:
• Continued decline in major cities like Beijing and Shenzhen

Government Measures to Stimulate the Economy

• Special Bonds:

• To be issued next year to fund infrastructure projects

• Spending Boost:
• Aims to combat deflationary pressures

Potential Trade Deal with the U.S.

• Possible Benefits:
• Lower tariffs on Chinese exports
• Potential economic growth of 5% in 2025

Market Performance

• Stock Market:

• Up by 0.43% on Monday

• Currency Exchange Rates:
• Yuan (Onshore): 7.04 against the dollar
• Yuan (Offshore): 7.03 against the dollar