China'S Online Shopping Boom, Though Turbulent Economic Pformation Is Still "Wait And See".

China's industrial output reached its lowest point since the global credit crisis last month, but retail sales are accelerating, indicating that the decline of traditional growth engines has been a major problem.

Gradually become more dependent on consumption as a driving force for growth.

The bad news is not: China's growth momentum in the fourth quarter has not changed much compared with the previous quarter, which indicates that monetary and fiscal easing will not play a role in promoting economic growth.

A number of intra industry institutions led by Goldman Sachs, a well-known investment bank, predicted that the Central Bank of China would take further action.

October

Sales growth was 11%, higher than the median 10.9% predicted by economists.

This Wednesday, November 11th, in China is known as the double eleven bachelor's day. It also launched an annual event.

Upsurge.

Before noon this Wednesday, the volume of double eleven shopping tide has reached 57 billion 100 million yuan (US $9 billion) this year. Due to 12 hours in November 11th, the sales of singles festival will exceed 2014 this year.

In October, the industrial output increased by 5.6% over the same period last year, the same as the first quarter data, reaching the lowest level since 2008.

Fixed asset investment increased by 10.2% in the first 10 months, the lowest since 2000, but retail sales rose 11% in October, the highest since this year.

According to Xia Le, an economist at Banco Bilbao Vizcaya Argentaria SA in Hongkong, China's economy is still in a downward trend and is under domestic and international pressure.

Chinese leaders are trying to pform China from an investment and manufacturing driven economy to a consumer driven and service driven economy in the next five years, while maintaining a growth rate of at least 6.5% per year.

However, with the stagnation of the real estate industry and the cold winter of manufacturing industry, deflationary pressure has also loomed up. The pressure of policymakers has increased, and whether the new growth brought by stimulation is enough to make up for the current decline.