China Retail Sales in May Fall For the First Time in Three Years

Source: International Business Times

Data released Tuesday by China's National Bureau of Statistics showed that retail sales, a key gauge of consumer spending, fell 0. 6% in May from a year earlier. Jade Gao/AFP via Getty Images China's economy showed strain in May as retail sales unexpectedly contracted for the first time in more than three years, even as exports and industrial production continue to benefit from global demand for technology products.