China to Release Retail Sales and Industrial Production Data for October.

• Analysts predict that retail sales in October will increase by 3.8% compared to the previous year, following a 3.2% growth in September, as reported by Reuters.
• Industrial production was expected to have risen by 5.6%.
• It was predicted that fixed-asset investment, reported on a year-to-date basis, would experience a 3.5% increase compared to the previous year.

The National Bureau of Statistics of China will release retail sales, industrial production, and fixed-asset investment data for October on Friday.

Analysts predict that retail sales will experience a 3.8% year-on-year growth, following a 3.2% increase in September, as reported by Reuters.

The poll indicated that industrial production was expected to increase by 5.6%, compared to the 5.4% rise seen in the previous month.

The poll predicted that fixed-asset investment, reported on a year-to-date basis, would grow by 3.5% from the previous year, an increase from the 3.4% pace recorded in September.

Since late September, Chinese authorities have intensified their stimulus measures, including interest rate cuts and extended real estate support, which has led to a surge in the stock market.

The Ministry of Finance recently unveiled a five-year, 10 trillion yuan ($1.4 trillion) program to tackle local government debt issues and suggested additional fiscal support may be provided next year.

Last month, manufacturing surveys showed an increase in activity, while exports experienced their fastest growth in over a year.

Despite a decline in imports, the core consumer price index, which excludes food and energy prices, increased by 0.2% in October compared to the previous year, slightly surpassing the 0.1% increase seen in September.

Beijing's stimulus measures have not focused on directly supporting consumers.

Despite China's Golden Week holiday in early October indicating a trend in more cautious consumer spending, several consultants stated that sales during the Singles Day shopping festival, which recently ended, had surpassed low expectations.

In the first three quarters of the year, the country's GDP grew by 4.8%. The country aims to achieve approximately 5% growth for the year.

This is a developing story. Please check back later for updates.