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China retail sales fall for 1st time in 3 yrs

BEIJING: China's economy showed increasing unevenness in May, with retail sales falling for the first time in over three years and investment slumping, while industrial output picked up pace. Tuesday's data highlighted a two-speed growth pattern in the world's second-largest economy, with factories buoyed by surprisingly resilient exports but domestic demand worsening amid a multi-year property downturn.Also Read: China's new home prices fall faster in May Retail sales, a key gauge of ‌consumpt…

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Economic TimesLean R·1h ago
China retail sales fall for 1st time in 3 yrs
BEIJING: China's economy showed increasing unevenness in May, with retail sales falling for the first time in over three years and investment slumping, while industrial output picked up pace. Tuesday's data highlighted a two-speed growth pattern in the world's second-largest economy, with factories buoyed by surprisingly resilient exports but domestic demand worsening amid a multi-year property downturn.Also Read: China's new home prices fall faster in May Retail sales, a key gauge of ‌consumpt…
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China retail sales fall for 1st time in 3 yrs

How 1 sources are covering this

China retail sales fall for 1st time in 3 yrs

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