China's industrial output and investment growth cooled in November while retail sales unexpectedly picked up, presenting a mixed growth picture.

The output from industrial enterprises with annual sales of more than 20 million yuan ($3.29 million) rose 10 percent from a year earlier, a fall from October's 10.3 percent year-on-year growth, according to data released by the National Bureau of Statistics on Tuesday.

The growth rate is lower than projections by various financial institutions.