The economic growth rate for China in 3 of the 4 quarters of 2022 slowed / contracted
Fantastic news! We've Found the answer you've been seeking!
Question:
The economic growth rate for China in 3 of the 4 quarters of 2022 slowed / contracted compared to the 4th quarter of 2021. What was the impact on the growth rate of the following indicators for China in 2022 (as a whole) and indicate which made the greatest overall contribution to the contraction: - manufacturing output; - net exports.
Transcribed Image Text:
China: Economic data 2021-22 Indicator December 4th Quarter March 1st Quarter June 2nd Quarter September 3rd Quarter December 4th Quarter 2021 2022 2022 2022 2022 RGDP - Annual growth rate 4.0 1.6 -2.7 3.9 0.0 (qoq, % change) Index of Consumer confidence 119.8 113.2 88.9 87.2 88.3 % change in Manufacturing production 2.2 -1.6 1.4 -0.2 -6.2 (qoq) Export of g&s in US$ billion 965.1 818.3 906.6 969.4 900.1 Import of g&s in US$ billion 714.5 664.2 682.4 703.4 667.6 Net Exports of g&s in US$ billion 250.6 154.1 224.2 266.0 232.5 Unemployment rate (%) 5.1 5.8 5.5 5.5 5.5 Natural rate of unemployment (%) 4.6 4.4 4.2 4.2 4.2 * estimate Consumer Price Index 101.7 102.5 102.7 103.4 103.3 (quarterly % change) +1.1 +0.8 +0.2 +0.7 -0.1 Change in Producer prices (quarterly % +1.36 +1.43 +0.8 -1.8 -0.3 change) Exchange rate (RMB per USD) 6.37 6.37 6.66 7.14 6.93 China: Economic data 2021-22 Indicator December 4th Quarter March 1st Quarter June 2nd Quarter September 3rd Quarter December 4th Quarter 2021 2022 2022 2022 2022 RGDP - Annual growth rate 4.0 1.6 -2.7 3.9 0.0 (qoq, % change) Index of Consumer confidence 119.8 113.2 88.9 87.2 88.3 % change in Manufacturing production 2.2 -1.6 1.4 -0.2 -6.2 (qoq) Export of g&s in US$ billion 965.1 818.3 906.6 969.4 900.1 Import of g&s in US$ billion 714.5 664.2 682.4 703.4 667.6 Net Exports of g&s in US$ billion 250.6 154.1 224.2 266.0 232.5 Unemployment rate (%) 5.1 5.8 5.5 5.5 5.5 Natural rate of unemployment (%) 4.6 4.4 4.2 4.2 4.2 * estimate Consumer Price Index 101.7 102.5 102.7 103.4 103.3 (quarterly % change) +1.1 +0.8 +0.2 +0.7 -0.1 Change in Producer prices (quarterly % +1.36 +1.43 +0.8 -1.8 -0.3 change) Exchange rate (RMB per USD) 6.37 6.37 6.66 7.14 6.93
Expert Answer:
Posted Date:
Students also viewed these economics questions
-
In 2009, after four decades of rapid growth, China surpassed the US to become the worlds largest car market in number of vehicles sold (Waldmeir, 2010a). China is currently the largest single market...
-
Suppose Marriott evaluates a project that requires participation of all three divisions. What is the appropriate hurdle rate? This is based off of this case study: Marriott Corporation: The Cost of...
-
The functions in Exercises 1128 are all one-to-one. For each function, a. Find an equation for f -1 (x), the inverse function. b. Verify that your equation is correct by showing that f( f -1 (x)) = x...
-
Production managers on an assembly line must monitor the output to be sure that the level of defective products remains small. They periodically inspect a random sample of the items produced. If they...
-
Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts journal.
-
The Single Audit Act evolved because: a. The GAO was overburdened with grant audits. b. Congress preferred that governmental auditors emphasize grant contracts rather than financial statements. c....
-
Bonanza Trading Stamps, Inc. was formed early this year to sell trading stamps throughout the Southwest to retailers who distribute them free to their customers. Books for accumulating the stamps and...
-
You are configuring a small network with static IP addresses. Once you have at least two of the systems configured, describe the simple test you will make to verify the ability of the computers to...
-
Zeroth, First, and Second Law of Thermodynamics illustration and result/reflection?
-
Adina is planning on investing into REIT that will pay her guaranteed cash flows of $120,000 in 10 years. If the appropriate discount rate is $.4 percent compounded daily, what is the present value...
-
Modigliani and Miller argue that - in perfect capital markets - the weighted average cost of capital (WACC) does not change when changing a firm's capital structure. a) Describe your own words why...
-
Explain Statistical Process Control. What are the different types of variations?
-
Why does the principle of equal treatment for all groups of Americans sometimes come into conflict with the concept of liberty?
-
This year, you purchased a ranch in Moriarty for $7,200,000 with a 20% down payment. You have a 30-year, 3.8% APR mortgage (compounded monthly); how much will you pay in interest in the 16th year of...
-
Answer the following questions about Masco Corporation: What strategic alternatives do you recommend and why? How does it fit strategically with the organization? How does your recommendation relate...
-
Consider a game of poker being played with a standard 52-card deck (four suits, each of which has 13 different denominations of cards). At a certain point in the game, six cards have been exposed. Of...
-
The nozzle of a mixing vibrator is tested for its number of vibrations. The vibration frequency, for each nozzle sample, can be modeled by a normal distribution with mean 128 and standard deviation...
-
If a random variable has the standard normal distribution, find the probability that it will take on a value (a) between 0 and 2.3 ; (b) between 1.22 and 2.43 ; (c) between -1.45 and -0.45 ; (d)...
-
Verify that (a) \(z_{0.005}=2.575\); (b) \(z_{0.025}=1.96\).
Study smarter with the SolutionInn App