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China Economy China’s November retail sales miss expectations as real estate slump deepens

  • China's November retail sales dropped 5.9% from a year earlier, reversing a 2.5% gain in October.
  • The decline in retail sales was worse than the 3.0% decrease forecast by economists.
  • Purchases of cars and household goods fell significantly in November.
  • The real estate sector is facing increasing challenges, raising concerns among investors about broader economic implications.
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