China's weak consumption drags on economy as Trump tariff threat looms

CHINA'S ECONOMIC CHALLENGES: SLOW RECOVERY AND POTENTIAL TRADE TENSIONS
ECONOMIC INDICATORS
Industrial output grew 5.4% in November (slight increase from October)
Retail sales disappointed, growing only 3.3%
Fixed asset investment increased at a slower 3.3% pace
GOVERNMENT RESPONSE
Pledged to raise budget deficit
Committed to issuing more debt
Prioritizing consumption boost
Endorsed "appropriately loose" monetary policy
CHALLENGES
Ongoing property sector crisis
Weakened consumer confidence
Potential trade tensions with the United States
FUTURE OUTLOOK
Potential growth target of around 5.0% for next year
Concerns about possible Trump administration tariffs
Recommended offsetting export impacts by boosting domestic demand
TRADE CONSIDERATIONS
Trump threatens tariffs over 60% on Chinese goods
China considering yuan devaluation in response to trade measures.