China Venture Capital Market Report Q1’20
China Venture Capital Market Report Q1’20
报告标签: VC
报告价格: 1500.00
出版时间: 2020-07-28 页数:80 咨询电话: 400-600-9460 目录下载
出版时间: 2020-07-28 页数:80 咨询电话: 400-600-9460

In the first quarter of 2020, affected by the COVID-19 epidemic, the financial market became turbulent, and the global economic prosperity declined significantly after March. The global stock market is in great turmoil, the liquidity crisis of the US dollar broke out, assets were sold off, and the prices of risky assets and safe-haven assets plunged one after another. The VIX index rose more than the financial crisis in 2008. In the latest World Economic Outlook Report released by the International Monetary Fund, the world economic growth is facing the most serious blow since the Great Depression in the 1930s: for the first time, the world is facing the simultaneous recession of both developed and emerging economies. The IMF predicts that the global GDP growth will shrink by 3% in 2020, and the global economy will recover to the 5.8% YoY growth level in 2021. The COVID-19 epidemic will cause losses of about US$9 trillion worldwide in the next two years, exceeding the total GDP of Japan and Germany. If the epidemic continues until 2021, global GDP may shrink by 2.2% next year.

According to macroeconomic data released by the National Bureau of Statistics, China's GDP decreased 6.8% YoY in Q1’20, down 12.8 percentage point from the fourth quarter last year (6.0%) and 13.2 percentage point from the same period last year (6.4%). The value added of the primary industry reached RMB 1,018.6 billion, down by 3.2% YoY; that of the secondary industry reached RMB 7,363.8 billion, down by 9.6% YoY; and that of the tertiary industry was RMB 12,268 billion, down by 5.2% YoY. The value added of the primary, secondary and tertiary industry accounted for 4.9%, 35.7% and 59.4% of GDP respectively. Among key sectors, the value added of industry, finance, leasing and business services accounted for 31.3%, 10.3% and 3.5% of GDP respectively. Due to the coronavirus, China's economic growth rate was low in the first quarter and local governments also successively introduced tax reduction and fee reduction, low-cost financing loans and other support policies, thus accelerating economic recovery. Basic industries and important products related to the national economy and people's livelihood have grown steadily, basic people’s life has been secured, and overall economic and social development has been stable. It can be seen from this that China's economy has strong resilience, with a complete industrial chain and strong integration ability in economic recovery.

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