China economy weakens further in May as retail sales post first drop in over three years (opens in new tab)

China’s retail sales fell for the first time in more than three years in May while urban investment contracted more than expected, piling pressure on Beijing to roll out meaningful stimulus to spur consumption, even as de-escalation in Middle East tensions offers some near-term relief. Retail sales, a gauge of consumption, declined in May for […] The post appeared first on <a href="