China economy weakens further in May as retail sales post first drop in over three years
u/Legendary-Lemon ·
Reddit — r/wallstreetbets
· June 16, 2026 at 07:41
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Retail sales declined for the first time since December 2022, dropping 0.6% from a year earlier.
China’s urban fixed-asset investment contracted 4.1% as of end-May, dragged by real estate and manufacturing.
Manufacturing fixed-asset investment contracted for the first time since December 2020.
Industrial output was the lone bright spot, rebounding from April’s near three-year low.
The national unemployment rate fell to 5.1% in May, compared with 5.2% in April.
[Source](https://www.cnbc.com/2026/06/16/china-economy-may-retail-sales-industrial-output-fixed-asset-investment-.html)