During the first quarter of 2020, Chinese GDP y/y growth rate heavily contracted down to -6.80% during 1Q20 when compared to 4Q19. Regarding inflation, CPI registered a year-over-year growth rate of 4.97%, after increasing when compared to the previous quarter. In the labor market, the unemployment rate slightly increased up to 3.66% rate. Finally, the Chinese Renminbi experienced an appreciation of 0.01 RMB/$ against the dollar during the first quarter of 2020, reaching a rate of 7.00 RMB/$.
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