China’s economy after covid-19 pandemic

Chinese economy is the first one hit by covid-19 outbreak. So, Chinese economy is the first one to show signs on recovery. Article is based on document published by National Bureau of Statistics of China (17 April, 2020):

  1. GDP of China was 20,650 billion yuan in the first quarter of 2020, a year-on-year decrease of 6.8% at comparable prices
  2. In the first quarter, the value added of the primary industry was 1,018 billion yuan (down by 3.2% a year-on-year).
  3. In the first quarter, the value added of the secondary industry was 7,363 billion yuan (down by 9.6% a year-on-year).
  4. In the first quarter, the value added of the tertiary industry was 12,268 billion yuan (down by 5.2% year-on-year)
  5. In the first quarter, the value added of agriculture grew by 3.5% year on year.
  6. In the first quarter, the total value added of the industrial enterprises above the designated size went down by 8.4% year on year.
  7. In the first quarter, the total value added of the tertiary industry dropped year on year. While that of the information transmission, software and information technology services went up by 13.2% and that of financial intermediation went up by 6%.
  8. In the first quarter, the total retail sales of consumer goods was 7,858 billion yuan (down by 19% year on year).
  9. In the first quarter, the investment in fixed assets (excluding rural households) was 8,414 billion yuan (down by 16.1% year on year).
  10. In the first quarter, the total value of imports & exports of goods was 6,574 billion yuan (down by 6.4% year on year).
  11. In March, the Index of Services Production dropped by 9.1%, 3.9% points slower than the decline of the first two months.
  12. Internet related services grown by 10.1% in March.
  13. In March, the Business Activity Index for services was 51.8%.
  14. In the first quarter, the consumer price went up by 4.9% year on year. 
  15. In the first quarter, the newly increased employed people in urban areas totalled 2.29 million.
  16. In the first quarter, the nationwide per capita disposable income was 8,561 yuan, a nominal increase of 0.8% year on year, or a real decrease of 3.9% after deducting price factors.

According to data published by National Bureau of Statistics of China (17 April, 2020), national economic experienced reduce but maintained to be stable despite the coronavirus pandemic. Worldwide spread of covid-19 remarkably increased instability and uncertainty in countries with which available active trade. Chinese economy will recover from short fall and economic growth will be after big economics will outcome results of pandemic.

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