China's Nov retail sales climb 10.8%, fastest pace since Dec 2015

Beijing

CHINA posted its strongest retail sales growth of the year in November, while surging steel production lifted factory output, but private investment began to slow again, leaving the economy more reliant on state spending and mounting debt.

After a rocky start to the year, China's economy has performed better than expected and looks set to hit Beijing's 6.5 to 7 per cent growth target as higher government spending and a sizzling housing market fuel a construction boom.