China's retail sales fell for the first time in more than three years in May while urban investment contracted more than expected, heaping pressure on Beijing to roll out meaningful stimulus to spur consumption. Retail sales, a gauge of consumption, declined in May for the first time since December 2022, dropping 0.6% from a year earlier, according to the National Bureau of Statistics on Tuesday. The Labor Day holiday at the start of May failed to offset sluggish consumer spending with Beijing