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05:23 PM
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China's economy skids as lockdowns hit factories, retailers
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[quote:dabrute:MV81MTM2NzgyXzk0MjgxMjE5XzIyOTdGNzhG] China’s Economic Activity Collapses Under Xi’s Covid Zero Policy https://finance.yahoo.com/news/china-economy-contracts-sharply-covid-021252101.html The unemployment rate climbed to 6.1% and the youth jobless rate hit a record [/quote]
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link to finance.yahoo.com (secure)
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Retail sales in April shrank 11.1% from a year earlier, the biggest contraction since March 2020, data from the National Bureau of Statistics (NBS) showed on Monday, a steeper decline than forecast in a Reuters poll.
Factory production fell 2.9% from a year earlier, dashing expectations for a rise and the largest decline since February 2020,
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