China's Economic Recovery Loses Steam as Retail Sales Growth Hits Three-Year Low

China's economic recovery appears to be losing steam, with November's retail sales growth hitting a three-year low.The National Bureau of Statistics reported a mere 1.3% increase in retail sales from last year, falling far short ofBloomberg's estimate of 2.9%.This is the slowest growth since theCOVID-19pandemic and highlights a broader trend of weakening consumer spending and investment in China.