A China data deluge for Asia markets this week

Housing construction in Beijing, China.
Franko Lee | AFP | Getty Images

The week ahead is likely to see focus return to the outlook for China's economy, with a slew of economic data lined up for release.

It's also a central bank heavy week for regional markets, with monetary policy meetings scheduled to take place in New Zealand, South Korea and Indonesia on Thursday.

And talk about whether the U.S. Federal Reserve will begin to taper its hefty monetary stimulus at next week's policy meeting following Friday's strong jobs report is also likely to be a dominant theme.

(Read more: Taper tamper: Job creation climbs in November)

What you need to know about China's data deluge

China releases industrial production, fixed asset investment and retail sales numbers for November on Tuesday.

Economists polled by Reuters forecast industrial output rose 10.1 percent in November from a year earlier, compared with a 10.3 percent rise the month earlier. November retail sales are forecast to rise 13.3 percent from a year earlier, unchanged from a month before.

"Data for industrial production, retail sales and fixed asset investment on Tuesday is likely to have remained solid, albeit fractionally slower than in October," said Shane Oliver, chief economist and head of investment strategy at AMP Capital, in note.

Economic news out of the world's second-biggest economy has proved slightly stronger than anticipated in recent weeks, defying economists' expectations that China's economy probably slowed in the final quarter of the year.

Indeed, data on Sunday showed Chinese exports rose 12.7 percent in November from a year earlier, well above market expectations for a rise of 7.1 percent.

(Read more: Chinese exports beat forecasts for November)

Earlier on Monday, China said its consumer price index (CPI) rose 3 percent in November from a year earlier. That was less than analysts' forecasts for a 3.2 percent rise.

Other highlights of the week include Indian CPI data on Thursday, Taiwanese trade numbers for November later on Monday and Australian jobs data on Thursday.

"As usual, markets will be particularly focused on Thursday's labor market report," analysts at Goldman Sachs in Australia said in a research note.

"Though the data is very volatile from month to month, there is no escaping the fact that employment growth has been very weak through 2013 – and is now in outright contraction in trend terms," they added. "We expect this to be reflected in a higher unemployment rate over the coming months."

Australia's unemployment rate is at 5.7 percent.

Analysts say they are not expecting any major monetary policy changes at meetings this week in New Zealand, South Korea and Indonesia.

(Read more: Indonesia's central bank unexpectedly raises rates)

Still, Bank Indonesia could be in focus after the central bank unexpectedly hiked interest rates last month to help shrink the country's wide current-account deficit.

—By CNBC.Com's Dhara Ranasinghe; Follow her on Twitter @DharaCNBC