Wall Street Journal reports that Economic data due this week will likely show that growth momentum in the world's second largest economy remained sluggish, prompting Beijing to get more stimulus in the pipeline, economists say. China's traditional growth engines, including trade and investment, probably remained muted in November amid weakening demand both at home and abroad. Retail sales may have continued to pick up as the economy becomes more reliant on consumption. China's industrial production likely grew 5.7% from a year earlier in November, up slightly from a 5.6% increase recorded in October, according to a median forecast of 14 economists surveyed by The Wall Street Journal.
Forbes writes that China will remain in the spotlight this week with November trade data due on Tuesday. The bears will be looking to growl loudly if China data disappoints. It will get a lot of attention.China investors should expect further deterioration in both exports and imports due to domestic economic weakness as well as lackluster demand from China's other markets, namely throughout third tier trade partners in Asia.The markets will stay be weighing the direction of the yuan. With interest rates rising in the U.S. this month, most likely, and the Chinese currency set to be included in the International Monetary Fund's Special Drawing Rights.
Reuters writes that China is training an army of young players it hopes will help the nation shake off its lowly place in the world's football ladder: 84th out of 209 countries, just above Qatar and below teams like Jordan, Montenegro and Gabon.Led by Xi, an avid fan, China has clearly made it a goal to become a soccer superpower. A consortium led by state-backed China Media Capital took a $400 million stake last week in the owner of English Premier League champions Manchester City - Beijing's biggest investment in the sport overseas. The tie-up will help Abu Dhabi-owned City tap the fast-growing sports and entertainment market in the world's most populous nation, and at the same time give China international soccer knowhow, on the field and off.