China's retail sales dropped 0.6% year-on-year in May, marking the first contraction since December 2022, as domestic demand showed signs of weakening despite resilient exports.
Weak household consumption and a prolonged property sector downturn remain major challenges
Jun 16, 2026
09:28 am
What's the storyChina's retail sales have witnessed a decline for the first time in over three years.
The National Bureau of Statistics (NBS) reported that retail sales fell by 0.6% year-on-year in May, reversing April's growth of 0.2%.
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