Complete the data sheet below (data required are indicated by x). Refer to the http links for the data. Use this data where appropriate in your responses below. Part C China: Economic data 2020 March / or June / or 2na Indicator Jan 2020 1" Quarter April 2020 May 2020 Quarter 2020 2020 GDP growth (% change in RGDP - annual, X X yoy) Index of Consumer confidence 126.4 116.4 X X % change in Manufacturing production - 15.7 1.8 + 5.0% X X Exports of goods in US$ billion 238.64 - 185.13 Dec 2019 Imports of goods in US$ billion 191 39 - Dec 2019 165.07 Net Exports of goods & services (Current 40.53 A/C) in US$ billion 4" Otr 2019 -33.7 (Qur) Unemployment rate (9%) 5.3 Inflation rate (%) - CPI 5.4 Change in Producer prices (%) 0.1 -3.1 X X 97.9 Index of import prices (Dec 2019 94.4 X X Exchange rate (RMB per USD) 6.95 7.02 X 31" May 30th June Note: Exports, imports and net exports are in hundreds of millions e.g. $1851.3 = $185,130,000,000 or $185.13 billion. You are advised to refer to the summary at top of the data page for 'clarification'. 2. Identify the business cycle for China in the first TWO quarters of 2020. In your answer also indicate the impact of the following on the business cycle and indicate which made the greatest contribution: consumer confidence / sentiment; manufacturing output; net exports. 3. What was the change to the unemployment rate and what type of unemployment was most likely to have changed? 4. What was the change to the inflation rate and what type of inflation was most likely to change? (Note: use the CPI for this question as reliable data exists)