China’s retail sales declined in May for the first time in more than three years and an investment slump deepened, as monthly economic indicators flashed warning signs for the trajectory of the world’s second-biggest economy.
Retail sales fell 0.6 per cent year on year in May, data from China’s National Bureau of Statistics showed on Tuesday, the first decline since December 2022 when Covid-19 swept through the country after restrictions were eased.
Fixed asset investment was down 4.1 per cent for the first five months of 2026 compared with the same period a year earlier, steepening from a 1.6 per cent year-on-year decline over the January-to-April period.
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