China Stocks Fall After Weak Retail Sales Data

China Stocks Fall After Weak Retail Sales Data

Data published on Monday highlighted the weaknesses in China's faltering economy, dragging down American depositary receipts in some of the country's best-known companies ahead of the opening bell.

The iShares MSCI China exchange-traded fund dropped 1.1% in early trading. U.S. shares in online retailer Alibaba were down 1.6%, while rival JD.com fell 0.7% and search engine provider Baidu slid 1%.

The losses came after data showed that retail sales growth had slowed sharply in November, a sign that the world's second-largest economy is struggling. Beijing has rolled out stimulus measures in recent months, but it will probably have to up the ante to revive stagnant growth.