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China Economic Activity Slumps With More Disruption to Come – Bloomberg

by admin
December 21, 2022
in Economy, Government
0

Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.
The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.
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China’s economic activity weakened in November before the government abruptly dropped its Covid Zero policy, with a surge in infections in coming months likely to cause more turmoil and push policymakers to increase stimulus. 
Key data released Thursday showed business and consumer activity slumped to their weakest levels since the Shanghai lockdown in the spring. Retail sales and home sales declined, while industrial output and investment slowed sharply. Unemployment rose, notably for the country’s most vulnerable workers.  

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