China's retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.

China's April retail sales grew just 0.2% YoY, the weakest since December 2022, as HSBC slashes its 2026 forecast and GDP growth projections fall.

May figure misses expectations as fading stimulus, property slump stifle demand

China's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail sales falling for the first time in over…