China’s October Industrial Production 4.6% yr/yr (expected 4.4%; last 4.5%),
October Fixed Asset Investment 2.9% yr/yr (expected 3.1%; last 3.1%),
October Retail Sales 7.6% yr/yr (expected 7.0%; last 5.5%),
October Unemployment Rate 5.0%, as expected (last 5.0%)
The People’s Bank of China left its one-year medium term lending facility rate at 2.50%, but still injected CNY600 bln of liquidity, which was the largest injection in nearly seven years.
President Biden is scheduled to meet with China’s Xi Jinping today.