China’s economic imbalance deepens as retail sales fall for first time in over three years

朝日新聞·Jun 16

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China's retail sales have fallen for the first time in over three years, with some reports specifying the last decline occurred in 2022. This decline is being seen as a sign of deepening economic imbalance in the country. The fall in retail sales contrasts with growth in industrial output, with some reports indicating that factory growth is being driven by exports.

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China’s economic imbalance deepens as retail sales fall for first time in over three years

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China's economic imbalance deepens as retail sales fall for first time in over three years

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