China retail sales sink for first time since Covid China’s…
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China retail sales sink for first time since Covid
China’s retail sales declined in May for the first time in more than three years and an investment slump deepened, as economic indicators flashed warning signs for the trajectory of the world’s second-biggest economy.
Retail sales fell 0.6% year on year last month, according to data from China’s National Bureau of Statistics, the first decline since December 2022 when Covid-19 swept through the country after restrictions were eased.
**Read the full story for free by registering here:** https://www.ft.com/content/f0238d1d-8b35-4686-84f7-cdf90a628ebf?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f
Kima — FT social media team
#local
China’s retail sales declined in May for the first time in more than three years and an investment slump deepened, as economic indicators flashed warning signs for the trajectory of the world’s second-biggest economy.
Retail sales fell 0.6% year on year last month, according to data from China’s National Bureau of Statistics, the first decline since December 2022 when Covid-19 swept through the country after restrictions were eased.
**Read the full story for free by registering here:** https://www.ft.com/content/f0238d1d-8b35-4686-84f7-cdf90a628ebf?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f
Kima — FT social media team
#local
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