China’s May retail sales slip 0.6% marking first decline in three years, deepening demand woes
May retail sales fell 0.6% year‑on‑year – the first drop since Dec 2022 – while urban fixed‑asset investment contracted 4.1%, far worse than forecasts. The slump highlights a widening supply‑demand gap, putting further pressure on China’s recovery and signaling tougher conditions for global growth outlooks.