Retail sales in China dropped significantly
Industrial production and retail sales in China dropped significantly as a result of the precautionary measures introduced in the first two months of the year as a result of the new type of coronavirus epidemic that led to widespread stoppage in manufacturing.
In January-February, industrial production fell 13.5 percent year-on-year, much more than analysts predicted a contraction of 3 percent. This is the first time that Chinese industry production has fallen since the data were released. (MTI)
Related news
Food prices in China have been falling for twelve months
In June, the annual inflation in China moderated to a…
Read more >Climate Policy Institute: climate change may cause food prices to rise further
Climate change has a significant impact on the world’s agriculture,…
Read more >The melon season started earlier this year
This year, we can enjoy high-quality cantaloupes and cantaloupes two…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >