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China's economy faltered before major Covid policy shift | CNN Business

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China’s Covid-battered economy slumped in November before its leaders abruptly eased pandemic restrictions, paving the way for a reopening that economists say will be bumpy and painful.

On Thursday, a series of indicators pointed to a slowdown in economic activity last month. Retail sales declined 5.9% in November from a year ago, according to the National Bureau of Statistics. It was the worst contraction in retail spending since May, when widespread Covid lockdowns, including in the country’s richest city Shanghai, pummeled the economy. Industrial production only increased 2.2% in November, less than half of October’s growth.

Sales of big-ticket items — such as cars, furniture, and high-end consumer electronics — also contracted sharply, as consumers were wary of spending amid worries about a weak economy. Spending on household appliances and telecoms devices plunged more than 17%. Car sales dropped over 4%. External trade was also weak. Last week, customs data showed the country’s exports contracted 8.7% in November from a year ago, the worst performance since February 2020.

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Oh this one is SO GOOD! It's clear that your Asian woman is THRILLED to see empty streets and so many sick Chinese in Pekin. Oh she's so evil. CNN reporter is such a disgraceful hypocrite 😂

Microbiology student MahsaMohammadi arrested and imprisoned 50 days ago by security forces. She has been charged with blasphemy “Cursing the Prophet' in a tweet. She is facing the risk of execution now.

MahsaMohammadi, a microbiology student from Sabzevar, was kind append by IR security forces 50 day ago. She is facing the death penalty for the useless charge of blasphemy against Islamic sanctities. Be her voice. MahsaAmini

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Why people in China are panic buying canned yellow peaches as Covid surges | CNN BusinessAn unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores. I thought the vaccines where supposed to help The biggest fear I had when I got covid was how bad is it going to get and will I die. After the first three days of flu like sickness, I went outside and got the pool ready for the summer and cleaned up around the yard, then had 4 more days to relax waited on hand and foot. No peach cobbler 4 the holidays 🥧
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