China's first quarter GDP fell 9.8% as compared to the fourth quarter of 2019, data from the bureau showed. In the first quarter, retail sales in China fell 19% from a year ago while industrial production fell 8.4% in the same period, it said.
While the headline GDP figure was not unexpected, the rest of the data did not bode well for the months ahead, said Bo Zhuang, chief China economist at TS Lombard. Industrial production fell 1.1% on-year in the month of March, but that is a "false dawn" as lockdowns lifted, allowing delayed fulfillment of some orders from February, said Zhuang. A Reuters poll had expected March industrial production to fall 7.3% from a year ago.
Made up numbers. Pay no attention. Where is BDS when we need it?
The foocking lying 🤥 🇨🇳
ZhugeEX I don't trust China
Futures skyrocketing due to back to work plan. Thanks!
Creo que esto es mentira
Boo hoo.
ZhugeEX It would take some tight-knit control to be able to say at this point how much an economy has shrunk
lockdown
Have mercy on animals, rare species Stop supporting Pakistan global terrorist n thawart security council efforts
Here in the USA we can beat that. We strive for 1.
Who cares?
Decimal point is wrong, likely.
do you still believe cinanese data? hahahaha
ComfortablySmug
Lies, probably bigger deficit than that