02:14
China's economy shrank 6.8% in the first quarter of 2020 year on year amid the COVID-19 outbreak - the first such contraction in decades. Data released by the Bureau of Statistics reveals the country's GDP in the first quarter stood at over 2-point-9 trillion US dollars. Industry and retail sales have been badly hit by the pandemic. China’s National Bureau of Statistics also says the nation’s economic performance in March is evidently better than in the first two months of the year, and further recovery can be expected. Meanwhile challenges still exist for small and medium-sized companies. So what’s your view on the 6.8% first quarter GDP drop, which is the first contraction since quarterly reports began in 1992? Can we see the numbers will start getting better soon? Chen Jiahe, Chief Investment Officer at Novem Arcae Technologies, gives his insight view behind these numbers.