November Chinese industrial production beats expectations

There was positive news for China over the weekend with data revealing that its industrial production had come in at its highest level since June.

In a sign that the government's efforts to stimulate growth are having an effect, the figure rose to 6.2% for November compared to a year earlier, marking the first rise since August and coming in notably higher than the October reading of 5.6%.

Expectations had been for an increase of around 5.7%.

Meanwhile, the National Bureau of Statistics also announced that fixed-asset investment in non-rural parts of the country had climbed 10.2% for the January-November period, compared to the same period in 2014.

November retail sales jumped 11.2% month-on-month, marginally above expectations.