Ep 52 - China's economic slowdown – not as bad as it seems

November economic data was a bit of a letdown, suggesting China’s economy is rapidly losing growth momentum.Fixed asset investment declined by double digitsIndustrial output grew at its slowest rate in 15 monthsRetail sales of consumer goods grew at the slowest rate in three yearsBut things aren’t as bad as they seem.This week, host Andrew Polk is joined by Trivium’s lead macro-econ analyst Joe Peissel to dig into November’s economic data. The gents cover:China’s supply-side slowdown, and why it’s partially policy-drivenWhy China’s consumption dynamics are more resilient than headline data suggestThe reason Beijing appears willing to tolerate a slight economic correctionAndrew and Joe then round things off by discussing China’s policy and economic outlook going into 2026.