Heard on the Street: U.S. stock bulls should take a careful look at China, where the post-coronavirus rebound has been patchy amid widespread consumer caution
U.S. stocks are back in a bull market, as investors bet that the coronavirus pandemic in America is near its peak and the economy will make a strong comeback. In China, meanwhile, the health crisis has already peaked—but that strong comeback isn’t really in evidence.
China on Friday posted its first quarterly fall in economic growth on record: The economy was 6.8% smaller last quarter than a year before, according to official figures. Most worrying, consumption and services are struggling to recover due to heavy job losses...
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China's first-quarter GDP posts first decline on record as virus shuts down economyChina's economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.
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China’s First-Quarter GDP Plunges on CoronavirusChina’s economy plummeted 6.8% in the first three months of the year compared with a year earlier, the country’s first such drop since Beijing began reporting quarterly gross domestic product in 1992.
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Stocks in Asia set for mixed open; China's GDP data aheadChina's GDP print for the first quarter is expected to be out at around 10:00 a.m. HK/SIN on Friday, along with data for industrial production as well as retail sales for March.
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Instant View: China's first-quarter GDP posts first decline on record as virus shuts down economyChina's economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.
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