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Economy rebounding after drop
China's
economy experienced a deep reduction in the first quarter due to the novel
coronavirus outbreak.. This
indicates that the country's recovery has gained a firmer footing, officials
and economists said on Friday.
.
However, it remains unclear whether the government will still set a GDP growth
target for the year. Economists said China's policy for the next step needs to
focus on stimulating(刺激)
demand and stabilizing(稳定)employment
to promote economic recovery.
Mao
Shengyong, NBS spokesman, said the outbreak created a serious blow to the
country's economy in the first quarter, but major economic indicators(指标) rebounded in March..
Lian
Ping, chief economist at Zhixin Investment, said the government needs to
strengthen policy support to prevent the economy from suffering a second wave
of blows from the global economic downturn. . While most large companies have
resumed production, according to NBS calculations, many smaller companies are
still struggling to resume work under rising financial difficulties and labor
shortages.
Retail
sales dropped by 19 percent year-on-year in the first quarter, which indicated
that domestic demand remains relatively weak and there is still room for
policies to effectively boost households' consumption(消费), economists said. . The urban unemployment rate was
5.9 percent in March, down by 0.3 percentage point from February, according to
the NBS.
A. Urban household income declined
by 3.9 percent year-on-year in the first quarter.
B. But major economic
indicators improved mostly in March.
C. China's GDP in the first
quarter contracted by 6.8 percent from a year earlier according to the National
Bureau of Statistics.
D. Chinese economy is
recovering as more companies are borrowing to promote their production
recovery.
E. And the country's economic
performance will improve further in the second quarter.
F. Chinese companies,
including exporters, have seen an increase in cancellations(取消) of orders.
G. "More support needs
to be given to households as the decline (下降) of residents' income
答案:【1】B【2】C【3】E【4】F【5】A