China retail sales sink for first time since Covid - Financial Times

China retail sales sink for first time since Covid

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China retail sales sink for first time since Covid

Investment slump deepens as divergence widens in second-biggest economy

!Shoppers outside an Omega store in Shanghai

*China’s retail sales declined 0.6% in May on a year earlier, the first such contraction since December 2022

© Qilai Shen/Bloomberg*

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Thomas Hale in Shanghai

Publishedyesterday

Updated00:17

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