When are the China Retail Sales, Industrial Production and how could they affect AUD/USD?

The National Bureau of Statistics of China (NBS) will publish November's data at 02:00 GMT. Retail Sales are expected to rise by 2.9% year-on-year. Meanwhile, Industrial Production is projected to increase by 5.0% year-on-year, compared to 4.9% previously. This analysis looks at the impact of these economic indicators on the AUD/USD. An increase in retail sales could indicate stronger consumer purchasing power and economic health, presenting a positive factor for the Australian dollar. Given that China is a major trading partner for Australia, a recovery in the Chinese economy could strengthen the AUD. Similarly, the industrial production data is crucial. If a growth of 5.0% is achieved, it would reflect strength in the manufacturing sector, signaling positively for the global economy, possibly fostering a risk-on market environment. However, investors must prepare for the possibility that the Chinese economic data may fall short of expectations. There exists a risk of AUD/USD declining, underscoring the need to closely monitor the impact of this economic indicator.