China's powerhouse economy was the first to feel the squeeze as the coronavirus pandemic took hold earlier this year, and the damage is likely to last for years to come. As top Chinese lawmakers gathered at the National People's Congress this week, China dropped its annual growth target from its economic forecasts for the first time since the country began publishing GDP goals in 1990.To get more news about economy news today, you can visit shine news official website.

Here are seven numbers that sum up the Chinese economy amid the global coronavirus pandemic. That's how much China's economy shrank during the first quarter of 2020 compared to the first quarter of 2019.

That's how much China said it would inject into its economy on Friday in order to counteract the damage caused by the coronavirus. It's equivalent to about $500 billion USD. As part of those stimulus measures, the government wants to create 9 million urban jobs and will issue 1 trillion yuan, or $140 billion, in special government bonds.That's what experts believe is the current unemployment rate in China, though the latest official data from China pegged the April rate at 6%.

That's how many coronavirus cases have been confirmed in China as of May 22, according to data from Johns Hopkins. Earlier this month, China reported its first new Covid-19 case in more than a month, amid a spate of new cases across countries that had made progress in getting the disease under control, including South Korea and Germany.

That's how much Chinese tech giant Alibaba saw its profits fall in the fourth quarter compared to the same period last year, mainly because of investments that tanked as the coronavirus crisis devastated global stock markets.

That's how much China will spend on U.S. imports as part of the Phase One trade agreement signed by President Trump and Chinese Vice Premier Liu He in January. On Friday, China recommitted to upholding the trade deal as it currently stands, despite skepticism from some experts that the $200 billion target isn't realistic because of the coronavirus. "We will work with the United States to implement the phase one China-U.S. economic and trade agreement," Premier Li Keqiang told Chinese lawmakers in Beijing on Friday.

That's how many U.S. products will be subject to the most recent round of tariff exemptions from Beijing, which went into effect on May 19 and will last for a year. These are in addition to the 696 exemptions China announced in February for major imports like soybeans and pork.

The Lunar New Year or Chinese New Year begins today, January 25, and it's the Year of the Rat that is being welcomed in. The Rat represents wealth and new beginnings in the Chinese zodiac, so it could be the ideal animal to usher in some lottery luck!Get more news about 天下包网平台,you can vist nb68.com

The Lunar New Year, also called the Spring Festival in China, has a date that changes annually, according to the lunisolar Chinese calendar. Chinese New Year begins on the new moon that occurs from January 21 to February 20. Celebrations begin the day before the start of the new year and continue until a date known as the Lantern Festival, which is February 8 this year.

Like the western zodiac, the Chinese zodiac is divided into 12 houses, but with the difference that each house in the Chinese zodiac lasts for a year rather than a month. There are 12 animals representing the years in the Chinese zodiac cycle, and Rat is the first.The beginning of the Lunar New Year is a time of many superstitions which are believed to influence the coming year. According to tradition, washing clothes, using scissors and sweeping floors on January 25 will bring bad luck for the whole year. Crying children should also be avoided - maybe easier said than done if you're a parent!

However, according to So Man-fung Peter, Hong Kong's most famous fortune-teller, Chinese astrology and feng-shui aren't about predicting exactly what will happen to you this year. Instead, "They're a calculation of probability and a study of statistics," he says.

"It's about finding that law and flow of the universe. When you know how to calculate it, you can predict the trends for everything. If you're enjoying a lucky streak, knowing that may give you the confidence and courage needed to start your own business," he explains. "If you're plagued by bad luck, acknowledging it may help you avoid taking unnecessary risks."