China March industrial output falls 1.1% year-on-year, better than forecast; first-quarter investment slides 16.1%

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

China's industrial output fell a less steeper-than-expected 1.1% in March from a year earlier, data from the National Bureau of Statistics showed on Friday, as the coronavirus crisis and strict containment measures severely disrupted the world's second-largest economy.

FILE PHOTO: A man works at a furnace at a steel plant of Dalian Special Steel Co Ltd. in Dalian, Liaoning province, China July 13, 2018, Picture taken July 13, 2018. REUTERS/Stringer/File Photo

Analysts polled by Reuters had expected industrial output to fall by 7.3% in March, moderating somewhat after plunging 13.5% in the first two months of the year. Fixed asset investment dropped 16.1% in January-March, worse than a forecast 15.1% drop. The gauge had sunk 24.5% in the first two months, the first contraction on record.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada sends Cdn taxpayer $$ to China Infrastructure Bank. A 1%interest. Also sends critical stockpile medical equipment+ PPE to China mid February. While regular Cdns couldn't buy a mask Amazon for frightening YVR travel. PMJT Excited abt new warehouse China .cdnpoli crime

Global recession has hit the economy due to the pandemic Latest updates | cases per million population👇 coronavirus Covid_19

Between the economy and the people, China chooses the people.

Economic downfall has been experienced due to the pandemic Latest updates | cases per million population👇 coronavirus Covid_19

United States United States Latest News, United States United States Headlines