China’s Key Economic Data to Show Price Paid for Covid Zero

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China is either incompetent on a gigantic scale or their scientis know something about Covid that we haven’t yet discovered. Given that chinese scientists weren’t smart enough to develop an effective counter vaccine in time, I doubt they have any special knowledge concerning the virus. If there is any unknown threat by Covid it would have already been leaked by +100.000 who are researching the virus. Back in the day you couldn’t even keep the atomic bomb development secret, too many people involved in the process. So to what end is China crashing down it’s economy, internal peace and economic growth? A reduction in exports just helps more reliable competitors.


It’s hilarious to see all these comments saying the *exact same thing* as they were saying at the beginning of 2020, “we Westerners are simply superior, covid won’t affect us as much as it affects the Chinese…” As time has proven, they ate short term pain for long term benefits. Gloat while you can cause that’s probably gonna happen again. Fall from hubris but never learn from it I suppose.


1 – **Industrial output growth to slow, retail sales seen down 3%** – **Property investment growth also seen slowing in March** China is due to publish key economic growth data for the past quarter that may look stable on first glance, yet should give clues about the pain that lies ahead as stiff Covid controls hinder consumption and disrupt production. The statistics bureau will publish first-quarter gross domestic product figures Monday as well as monthly activity indicators for March. The latter will be closely watched to assess the damage of China’s Covid Zero approach, which has led authorities to lock down millions of people in Shanghai, Shenzhen and other cities, cut factory output and snarled supply chains. The State Council, China’s cabinet, has promised more monetary and fiscal support, although the central bank didn’t cut policy interest rates on Friday as expected and has yet to boost stimulus by lowering the reserve requirement ratio. Economists surveyed by Bloomberg predict GDP likely rose 4.3% in the first quarter from a year earlier, up from 4% in the previous three months. On a quarter-on-quarter basis, a better measure of economic momentum, growth likely slowed to 0.7% from 1.6% in the fourth quarter. Monthly data for production, consumption and property investment probably weakened across the board in March, reversing the trend of official data in January-February, which beat expectations. Infrastructure investment was likely a rare bright spot last month as local governments accelerated bond sales to fund projects. To better gauge China’s economic performance in the first quarter of 2022, here’s a guide to what to watch for in the data: **Consumption** Consumption has taken a big knock as Covid controls restricted travel, curbed spending on eating out and at cinemas, reduced appetite for car purchases and discouraged online shopping due to logistics problems. National holiday expenditure figures indicate consumer confidence has remained sluggish this month. Retail sales likely fell 3% in March from a year ago, according to the median forecast of economists in a Bloomberg survey, the first contraction since July 2020. The comparison base last year was high, while the negative impact from the ongoing Covid wave has shown “no clear signs of abating soon,” Nomura Holdings Inc. analysts including Lu Ting wrote in a note.


Doesn’t fucking matter, the whole 1.6B population is just Xi Xingping’s bitch, sad how such a big country with that size of economy is controlled by such a small group of dumbfucks.