China's Economy Shows Signs of Recovery with Retail Sales Surge

October data reveals increased consumer spending and slowing property price declines, but industrial output growth remains sluggish.

Retail sales in China rose by 4.8% in October, marking the fastest growth since February, driven by consumer incentives and policy support.
The property market showed improvement as new home prices fell at a slower rate, suggesting stabilization efforts are taking effect.
China's industrial production growth slowed to 5.3% in October, missing expectations and raising concerns about economic momentum.
Chinese stocks experienced their largest weekly loss since July, reflecting investor skepticism about the sustainability of economic recovery.
Beijing's recent stimulus measures, including interest rate cuts and tax incentives, aim to boost consumer confidence and support economic growth.