China’s virus-hit economy contracts for first time on record
GDP fell 6.8% in January-March year on year, official data shows, reversing a 6% expansion in the fourth quarter of 2019
17 April 2020 - 13:28
Beijing — China’s economy contracted for the first time on record in the first quarter of 2020 as the coronavirus shut down factories and shopping malls and put millions out of work.
GDP fell 6.8% in January-March year on year, official data showed on Friday, a slightly larger decline than the 6.5% forecast by analysts and reversing a 6% expansion in the fourth quarter of 2019...
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