Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
In October 2024, China's economy showed mixed results in two key areas: industrial production and retail sales.
Industrial Production:
Growth was at 5.3% compared to last year's, which was lower than the expected 5.5% and a slight drop from 5.4% in September.
The slower growth is mainly due to weak local demand and lower spending. Although some parts of manufacturing are doing okay, overall industrial activity is struggling because of international problems and low domestic consumer spending.
Retail Sales:
Retail sales, on the other hand, increased by 4.8% year-on-year, much higher than the predicted 3.8% and a rise from 3.2% in September.
This boost in retail is largely due to the Golden Week holiday, which encouraged more spending, as well as recent government efforts to stimulate consumer habits.
Summary:
The economic data shows that while retail sales are strong, industrial production is not meeting expectations. This mixed performance highlights the need for government policies to improve local demand and support the manufacturing sector amid ongoing difficulties.
