Wall Street
| Use attributes for filter ! | |
| Length | 800 m |
|---|---|
| Completed | 1989 |
| Awards | Academy Award for Best Actor |
| Golden Globe Award for Best Actor – Motion Picture – Drama | |
| National Board of Review Award for Best Actor | |
| David di Donatello for Best Foreign Actor | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 845164 |
About Wall Street
Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.
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China's virus-hit economy will shrink for the first time in decades
China's economy contracted for the First Time in decades in The First quarter of the year, as The Virus is forced to close factories and companies.
The World 's second-largest economy contracted 6. 8% according to official data on Friday is released.
The financial impact of the Corona-Virus is a great concern in other countries on the Chinese economy.
China is an economic power, as important consumers and producers of goods and services.
This is seen for the First Time in China, its economy shrinking in The First three months of the year, since the start of the quarterly results in the year 1992.
"The decline in GDP in January-March translate in the permanent income losses in bankruptcies among small businesses and loss of jobs," said Yue Su in The Economist Intelligence Unit.
Last Year , China saw a healthy Economic Growth rate of 6. 4% in The First quarter, a period when it was Locked In a trade war with the United States.
In the past two decades, China has seen average Economic Growth of around 9% per year, although experts regularly questioned the accuracy of its economic data.
Its economy had come to a standstill in The First three months of the year, it created divisions, large-scale shutdown and quarantined to prevent The Virus spread in late January.
As a result, economists were gloomy figures expected, but the official data will come in slightly worse than expected.
Among other indicators s published in Friday's report:
analysis: 6% expansion of the extinguishedRobin Brant, Bbc News , Shanghai
The huge drop shows the profound effect that The Virus outbreak, and the government's draconian response to The World 's second-largest economy. It wipes out The 6 % expansion in China's economy recorded in The Last set of numbers at The End of Last Year .
in Beijing, a significant economic stimulus on The Way signals to stabilize as it tries, has its economy and recover. At the beginning of This Week , the official pipe of the ruling Communist party, The People ' s reported Daily, it would "expand domestic demand".
But the slowdown in the recovery of The World economy represents a significant problem, because the exports still play a large role in the Chinese economy. When It Comes , it will not be a rapid recovery.
On Thursday, The International monetary Fund predicted China would be the economy against a recession, but grow by just 1. 2% this year. Job figures released recently showed the official government unemployment figure had greatly increased The Number of work in the company in connection with export trade, most of the fall.
China is a series of financial support measures to cushion the impact of the slowdown, but not to the same extent as other major economies has revealed.
"We do not expect large stimulus, remains as unpopular in Beijing. Instead, we think the policy of accepting low growth this year, given the prospects for a better 2021," said Louis Kuijs , an analyst at Oxford Economics.
Since March, China began to slowly factories made the production and to open company, but this is a slow process, to pre the return of lockdown levels.
China relies heavily on its factories and production sites for Economic Growth , and has been dubbed "The World 's factory".
the stock markets in the region showed mixed reactions to the Chinese economic data, with China the benchmark Shanghai Composite index up 0. 9%.
the Japanese Nikkei 225 jumped 2. 5% on Friday, although This Was mainly due to gains on Wall Street After
china economy, coronavirus lockdown measures, coronavirus pandemic, china, economic growth, gdp
Source of news: bbc.com
Wall Street Photos
