Chinese stocks fell on Monday as investors avoided riskier assets following the release of weak economic data.

The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.6% to 3,867.92. The Shenzhen Component Index dropped 1.1% to 13,112.09.

Chinese total retail sales growth dropped 1.3% year over year to 4.390 trillion yuan. The growth rate eased from 2.9% in October and missed the forecast of 2.8% by analysts polled by Reuters.

Factory price growth in the country slowed to 4.8% in November from 4.9% in October. The growth figure missed a 5% estimate by analysts polled by Reuters.

China's fixed-asset investment declined 2.6% year over year to 44.4 trillion yuan in the January-November period. This marked the third straight month of decline and the steepest since the January-September period.

New home prices in China's first-tier cities fell 0.4% month-on-month in November.

In company news, Aerospace CH UAV (SHE:002389) completed the maiden flight of its Rainbow-7 unmanned aerial vehicle. Shares of the aerial vehicle company jumped 5% Monday.