China’s retail sales post first drop in over 3 years as economy weakens further (opens original article in a new tab)

China's retail sales fell for the first time in over three years as the economy weakens, with urban investment contracting more than expected due to real estate and manufacturing challenges.

• China's retail sales declined for the first time in over three years.
• Urban investment contracted more than expected during January-May.
• Real estate and manufacturing sectors contributed to the economic slowdown.