About: http://data.cimple.eu/news-article/475a3911c037c59e67da6e9ffd6021aefa943aa1ad91343dd548d4bb

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/475a3911c037c59e67da6e9ffd6021aefa943aa1ad91343dd548d4bb Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	China's economy contracted for the first time in decades last quarter as drastic measures to contain the coronavirus pandemic brought activity to a standstill, official data showed Friday. Gross domestic product shrank 6.8 percent in the January-March quarter from the same period a year earlier, according to figures released by the National Bureau of Statistics (NBS). It was the first negative growth reported by the world's second-largest economy since it began logging quarterly data in the early 1990s. The figure marks a sharp drop from China's six percent expansion in the fourth quarter of last year, but was slightly better than the 8.2 percent contraction forecast by economists in an AFP poll. Economists in China and abroad have long harboured doubts about the accuracy of the official data, however, suspecting that the numbers are massaged for political reasons. Analysts warn of tougher times ahead, with weaker external demand for Chinese goods to weigh on growth as its key trading markets are battered by COVID-19. Full-year GDP growth expectations have fallen to 1.7 percent, according to AFP's poll, which would be the worst annual performance since 1976. The coronavirus and resulting containment efforts have already hammered China's retail sales and industrial production. Industrial output shrank 1.1 percent in March, reflecting lingering damage from factory shutdowns even as travel restrictions in the country were progressively eased and businesses stirred back to life. Retail sales also plummeted 15.8 percent last month as many consumers stayed at home and avoided crowds due to fears of a resurgence in virus cases. The urban unemployment rate also dropped slightly to 5.9 percent last month, after surging to 6.2 percent in February. The International Monetary Fund has warned that COVID-19 will trigger a global recession likely to be the deepest economic contraction since the 1930s, and pegged China's 2020 growth at a grim 1.2 percent. lld-bys/dma/gle
schema:headline	Virus hands China its first economic contraction in decades
schema:mentions	Great Recession Agence France-Presse Industry International Monetary Fund Gross domestic product Federal Bureau of Investigation Pandemic Virus China Severe acute respiratory syndrome coronavirus 2 National Bureau of Statistics of China Direct memory access Logging Fixed exchange-rate system Drastic Measures Church grim
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software