China's economy stalls in November as calls grow for reform

China’s factory output growth slowed to a 15-month low, while retail sales posted their worst performance since the country abruptly ended its draconian “zero-covid” curbs, highlighting the urgent need for new growth drivers heading into 2026.

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With Beijing's consumer trade-in subsidies fading, a drawn-out property crisis weighing on household spending and industrial investment risking further deflation, officials have leaned on exports to support growth.