China’s economic imbalances appeared to grow in May amid the fallout from the US-Israel war on Iran, as the country’s sluggish retail sales highlighted persistent weakness in domestic demand even as exports skyrocketed.Retail sales, a key gauge of consumer spending, fell by 0.6 per cent year on year in May, down from a 0.2 per cent increase the previous month, according to data released by the National Bureau of Statistics on Tuesday.The lacklustre reading – which was below economists’...