Bent not broken: China's economy eyes rebound after Q1 virus pains
China's gross domestic product contracted 6.8 percent year on year in first quarter, revealing for the first time the near-term impact of the COVID-19 pandemic on a major economy.
Macro
Analysts project China's economic recovery from COVID-19 after Q1 contraction
China's economy is expected to recover for the rest of the year after registering a virus contraction in the first quarter, analysts have said.
Financials
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China reports increase in household deposits
China's newly-added RMB household deposits stood at 6.47 trillion yuan in first quarter of year, official data showed.
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China's power generation decreases in Q1
China's power generation decreased in the first quarter of this year, down 6.8 percent year on year, official data showed Friday.
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Industries
China's Q1 industrial output falls 8.4 pct as virus hurts activities
China's value-added industrial output, an important economic indicator, fell 8.4 percent in Q1 of this year, as novel coronavirus outbreak deals a huge blow to industrial production.
China's retail sales down 19 pct in Q1
China's retail sales of consumer goods, a major indicator of consumption growth, declined 19 percent year on year in first quarter of this year as novel coronavirus outbreak hit economy.
China's fixed-asset investment down 16.1 pct in Q1
China's FAI declined 16.1 percent year on year to 8.41 trillion yuan (about 1.19 trillion U.S. dollars) in the first quarter of 2020, NBS said Friday.