China GDP Grows 4.8% in 1Q; Retail Sales Fall in March

The video discusses the current economic situation, highlighting a better-than-expected GDP number but also pointing out underlying issues such as declining retail and property sales, and a rising jobless rate. The impact of the pandemic and lockdowns is significant, posing challenges to achieving a 5.5% growth target. The government can implement measures like cutting interest rates, but these may have limited effects due to widespread disruptions in supply chains and restrictions on movement.

What was the initial positive economic indicator mentioned by state media?

• Jobless rate decrease

• GDP number

• Retail sales growth

• Increase in property sales

What was the percentage decline in residential property sales from January to March?

• 25.6%

• 5.8%

• 22%

• 3.5%

When was the last time the jobless rate was as high as it is now?

• February 2022

• March 2021

• April 2020

• January 2020

What is the government's growth target that is considered challenging?

• 5.5%

• 3.5%

• 7.0%

• 6.0%

What is one of the measures the government can take to address economic challenges?

• Increase taxes

• Cut interest rates

• Raise RR

• Implement stricter lockdowns