China Retail Sales Fall, Industrial Output Slowed in November

The transcript discusses the economic slowdown due to lockdowns and predicts a recovery in economic activities by March, despite a new wave of infections in China. The reopening is expected to disrupt the economy initially, but policy support will remain accommodative. The economic work conference will focus on boosting domestic consumption amid export concerns. Growth projections for next year are realistic at 5%, but external factors pose risks.

What role does policy support play in the economic recovery according to the text?

What is the significance of the Central Economic Work Conference mentioned in the text?

What concerns does the speaker have regarding external developments affecting the economy?