当前位置：新闻动态
China's first quarter GDP plunges 6.8pc as coronavirus fouls supply chains
来源：shippingazette.com 编辑：编辑部 发布：2020/04/21 10:13:42
CHINA's economy plummeted 6.8 per cent in the first three months of the year compared with a year earlier, the country's first such drop since Beijing began reporting quarterly gross domestic product in 1992, reported the Wall Street Journal.
China's first quarter GDP plunges 6.8pc as coronavirus fouls supply chains
CHINA's economy plummeted 6.8 per cent in the first three months of the year compared with a year earlier, the country's first such drop since Beijing began reporting quarterly gross domestic product in 1992, reported the Wall Street Journal.
The sharp contraction in the world's second largest economy offers a foreshadowing of the pain expected in the US and around the world as the coronavirus pandemic shuts borders, halts business activity and cripples global supply chains.
China's 6.8 per cent year-on-year decline follows a six per cent gain in the last three months of 2019 but is better than the 8.3 per cent fall predicted by the median forecast of 15 economists polled by the Wall Street Journal.
Compared with the fourth quarter of 2019, China's GDP contracted by 9.8 per cent.
China's first quarter GDP plunges 6.8pc as coronavirus fouls supply chains
CHINA's economy plummeted 6.8 per cent in the first three months of the year compared with a year earlier, the country's first such drop since Beijing began reporting quarterly gross domestic product in 1992, reported the Wall Street Journal.
The sharp contraction in the world's second largest economy offers a foreshadowing of the pain expected in the US and around the world as the coronavirus pandemic shuts borders, halts business activity and cripples global supply chains.
China's 6.8 per cent year-on-year decline follows a six per cent gain in the last three months of 2019 but is better than the 8.3 per cent fall predicted by the median forecast of 15 economists polled by the Wall Street Journal.
Compared with the fourth quarter of 2019, China's GDP contracted by 9.8 per cent.