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China's economy skids as lockdowns hit factories, retailers

 
dabrute

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05/16/2022 10:17 AM

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China's economy skids as lockdowns hit factories, retailers
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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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dabrute  (OP)

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05/16/2022 10:19 AM

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Re: China's economy skids as lockdowns hit factories, retailers
China's semiconductor output shrinks as Covid-19 lockdowns disrupt production, crimp demand

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China's monthly output of chips shrunk to its lowest level since 2020, as strict lockdowns in Shanghai and other cities disrupted production in downstream industries from cars to robotics.

Output of integrated circuits in April declined 12.1 per cent year on year to 25.9 billion units, the lowest since December 2020, according to data released by the National Bureau of Statistics on Monday.

The drop was in line with a steep dive in production by downstream industries that rely on chips. China's car output shrank 43.5 per cent last month from a year earlier,
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dabrute  (OP)

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05/16/2022 10:40 AM

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Re: China's economy skids as lockdowns hit factories, retailers
China’s Economic Activity Collapses Under Xi’s Covid Zero Policy

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The unemployment rate climbed to 6.1% and the youth jobless rate hit a record
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dabrute  (OP)

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05/16/2022 10:43 AM

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Re: China's economy skids as lockdowns hit factories, retailers
China’s Coal and Gas Power Plummets as Covid Zero Hammers Demand

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Electricity generation fell in April from the prior month to 608.6 billion kilowatt-hours, a decline of 4.3% on the same period last year. Thermal power output plunged to an even greater degree, down 12% for the biggest drop since 2008, as the share of renewables increased at the expense of coal and gas and China installed more solar capacity than expected in the first quarter.

Last Edited by dabrute on 05/16/2022 10:44 AM
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Anonymous Coward
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05/16/2022 10:43 AM
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Re: China's economy skids as lockdowns hit factories, retailers
India next, rupee hitting record lows. jihad2





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