- (combined figures for January and February to smooth out distortions caused by the week-long China’s Lunar New Year)
If you think the result is terrible, you are right.
Reuters report that its the worst contraction since October 2011 in the first two months of this year
- drag was mainly due to price contractions in key industrial sectors such as auto, oil processing, steel and chemical industries Zhu Hong of the statistics bureau said in a statement accompanying the data
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Meanwhile the post-RBNZ slump in AUD and NZD continues, extends:
