IPFS News Link • Economy - International
February China Economic Data Collapses Massively More Than Expected
• https://www.zerohedge.com by Tyler DurdenChinese Retail Sales crashed 20.5% YTD YoY - the first annual drop on record and four times worse than the -4.0% expectation
Chinese Industrial Production collapsed 13.5% YTD YOY - the first annual drop on record and more than four times worse than the -3.0% expectation
Fixed Asset Investment plunged 24.5% YTD YoY - the first annual drop and more than twelve times worse than the expected 2.% contraction.
And to go with those stunning numbers, Property Investment puked 16.3% YTD YoY and the Surveyed Jobless Rate exploded to a record 6.2%.