India, June 16 -- China's retail sales declined for the first time since 2022 on subdued domestic demand, and fixed asset investment logged a sharper-than-expected fall, while industrial production remained a bright spot, official data revealed Tuesday.
Retail sales decreased 0.6 percent from a year ago in May, the National Bureau of Statistics reported. This marked a reversal from the 0.2 percent increase in April and sharper the expected 0.3 percent decline.
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