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China Manufacturing, Retail, Investment Suffer Historic Slump

Monday, 16 March 2020 09:45 WIB ekonomi China China manufaktur

China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the economic fallout now facing the global economy as the virus spreads around the world. Industrial output plunged 13.5% in January and February from a year earlier, versus a median estimate for a 3% contraction. Retail sales fell 20.5% in the period, compared to a projected 4% fall. Fixed-asset investment dropped 24.5%, versus a forecast 2% decline. The unemployment rate jumped to 6.2%, the highest on record. Gross domestic product is now all but certain to contract in the first...

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