Cross posted from Investing in Chinese Stocks:
I covered November monetary data here: Lending Spikes in November
November real estate investment here: November Real Estate Growth Slowest in 2014, Land Sales Growth Shrinks.
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Fixed asset investment was down slightly in November. Private fixed asset investment is in yellow; total fixed asset investment in blue. Private investment was 64.6% of total investment in November. 
Digging into the numbers reveals the same trend in the other data sets. November data is the second weakest for the year after September. The October spike is a bounce, not a trend yet. Private fixed asset investment slowed to 14.9% in November; it was 11.7% in September. Below trend growth is the story of 2014 and 2015 will likely open with a big drop in growth that will “surprise” anyone watching the year-to-date cumulative figures.
Industrial production continues to slow. Looking at the breakdown of data from the report, the real estate slowdown is still having a big impact. Cement production fell 4% in November; plate glass contracted 6.3%. More concerning for the broader economy is the 4.5% drop in auto production, as well as the 0.6% growth in electricity production, which is now only up 3.9% ytd in 2014.
The drop in oil prices has further to go if the Chinese economy continues to slow.