China’s post first quarterly GDP decline since at least 1992

China’s post first quarterly GDP decline since at least 1992

China’s first quarter GDP shrank 6.8% in 2020 as compared to a year ago. This has been the first quarterly decline since 1992. Economists meanwhile said they ’expect a significant sequential recovery in Q2 as economic life returns to normal’. As per sources China is set to unleash trillions of yuan of fiscal stimulus to revive the economy. On Wednesday, the central bank cut the interest rate.

Chris
Chris
IvoryDove
IvoryDove 1 months

China (inadvertently or not?) dropped a pandemic upon the world. Killing hundreds of thousands, destroying trillions in productivity. The WORLD should be demanding changes in Beijing. Their system of government FAILED when it lied about the origin, the fatality, and the contagiousness of the virus. The WORLD needs a change. No more totalitarian governments in the world economy. Nixon's gambit is a failure.

Troy Kramer
Troy Kramer 1 months

Does China have ANY credibility at this point?

porcus
porcus 1 months

Huh, what is an opinion piece doing linked in here? That's against the policies. Oooh, and look at the Leftist bias in it! Wonder which Leftist mod approved it? This sort of shenanigans damages NV's credibility as a News app. Wonder why the admins let it happen...

Seekster
Seekster 1 months

What rubbish is this. The Coronavirus benefits neither China or the USA. The United States was the world's sole true superpower before the Coronavirus and will likely remain so after the crisis has ended.

Emperor Tito
Emperor Tito 1 months

Every penny we spend fighting this has better come out of our debt to China. It’s time to stand up to them before they start committing genocides abroad as well as in their homeland.

One Watchable
One Watchable 1 months

Stop exaggerating.

Michael Hedderson
Michael Hedderson 1 months

Neither country comes out covered in glory, let's be honest here.

Jax Milovitch
Jax Milovitch 1 months

China is the worlds biggest disgrace atm 😂 almost like some media want them in power

Tencent owns Spotify
Tencent owns Spotify 1 months

Makes you wonder what their actual GDP is without falsifying the data!

Emperor Tito
Emperor Tito 1 months

Also based on what data? You think you can trust anything coming out of China? Lol.

Katharine
Katharine 1 months

I wonder why🙄

F G
F G 1 months

One could almost say that was the plan all along. But yeah let's call it a conspiracy because big tech says so

Luficer Morningstar
Luficer Morningstar 1 months

Not for much longer ;)

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