China Stocks Fall After Weak Retail Sales Data

China Stocks Fall After Weak Retail Sales Data

Data published connected Monday highlighted the weaknesses successful China's faltering economy, dragging down American depositary receipts successful immoderate of the country's best-known companies up of the opening bell.

The iShares MSCI China exchange-traded money dropped 1.1% successful aboriginal trading. U.S. shares successful online retailer Alibaba were down 1.6%, portion rival JD.com fell 0.7% and hunt motor supplier Baidu slid 1%.

The losses came aft information showed that retail income growth had slowed sharply successful November, a motion that the world's second-largest system is struggling. Beijing has rolled retired stimulus measures successful caller months, but it volition astir apt person to up the ante to revive stagnant growth.