In China, where the spread of the new coronavirus continues, the index showing the trend of consumption last month decreased by 11% compared to the same month last year, and industrial production also turned negative for the first time in 2 years and 1 month, and it is severe in each region. The impact on the economy due to restrictions on going out is spreading.
China's National Bureau of Statistics released key economic statistics last month on the 16th.
Of these, “retail sales,” which show consumption trends, decreased 11.1% compared to the same month last year.
It has been negative for the second consecutive month, and the rate of decrease is the largest since March when the influence of the new corona first spread.
Due to the strict restrictions on going out as an infection control measure in various places such as Shanghai, the largest economic city, the food and beverage industry deteriorated significantly to minus 22.7%, and automobile sales fell sharply.
In addition, industrial production has been down 2.9% from the same month last year due to a series of factory shutdowns and production cuts due to the effects of outing restrictions and a shortage of parts due to logistics disruptions, and this is the first time in two years and one month since March. It turned negative.
Furthermore, investment in the development of real estate, which is a major industry, has decreased by 2.7% from January to last month, and the market conditions that have cooled since last year have worsened due to the spread of infection.
The Chinese government has set a target of increasing the economic growth rate of this year to around + 5.5%, but it has been pointed out that it will be difficult to achieve due to the spread of infection, and there are also effects such as a delay in parts supply to Japan. However, there is a growing sense of caution about the future of the Chinese economy.