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China activity data (December 2020): Industrial Production 7.3% y/y (expected 6.9%)

Industrial Production 7.3% y/y  

Industrial Production YTD 2.3% y/y … so for 2020 the facrory sector grows despite all the chalenges.

Fixed Assets (excluding rural) YTD 2.9% y/y

Retail Sales 4.6% y/y

Retail Sales YTD -3.9% y/y and a difficult 2020 indeed for the consumer, reflected in shrinking retail sales for the 12tmhs. 

The unemployment rate for December is 5.2%

  • 5.2% was the expected, prior of 5.2% also 
  • in urban areas, 11.9m jobs were created during 2020

 more to come  
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