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Friday, May 15, 2020

Industrial production increased in China


Industrial production rose for the first time in April this year after an outbreak of the corona virus in China
On the other hand, the number of deaths due to the virus in the United States has risen to 86,937

According to AFP news agency, China's official data released on Friday showed that industrial production rose 3.9 percent last month, indicating that the country was in a state of severe lockdown due to the virus. Things are getting back to normal. A group of Bloomberg analysts predicted 1.5 percent industrial growth, according to AFP.

However, data from China's National Bureau of Statistics (NBS) also shows that retail sales in various parts of the country have not yet fully recovered, indicating that early success in controlling the virus has been achieved. Despite the general consumer demand continues to decline. Retail sales in April were 7.5 percent lower than in the same days last year, but 15 percent better than in March this year.
According to AFP, in the first two months of this year, China's industrial production shrank for the first time in three decades due to the virus.

It should be noted that US President Donald Trump had threatened to end relations with China yesterday. 
According to AFP, President Trump criticized China over the corona virus epidemic, saying
"I have a good relationship with the Chinese president. But for now, I don't want to talk to them."
Tensions between the United States and China have risen sharply since the outbreak of the corona virus, with President Donald Trump accusing China of preparing the deadly virus at the Wuhan Laboratory, which China claims is the US military's brought there.

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