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Title : China's Economy Shrinks For The First time In Decades
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China's Economy Shrinks For The First time In Decades

BBC: China's virus-hit economy shrinks for first time in decades

China's economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close.

The world's second biggest economy contracted 6.8% according to official data released on Friday.

The financial toll the coronavirus is having on the Chinese economy will be a huge concern to other countries.

China is an economic powerhouse as a major consumer and producer of goods and services.

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WNU Editor: A contact that I trust in China tells me that this 6.8% number is a joke. In his opinion the economy contracted around 15%. But his opinion is not being shared by global markets .... Markets rally as China decline less than feared (Asia Times).

More News On China's Economy Shrinking For The First time In Decades

China's GDP posts first decline in decades, contracting 6.8 percent -- CGTN
China posts first GDP decline on record as coronavirus cripples economy -- Reuters
Chinese economy contracts for first time in decades: AFP survey -- France 24
China's economy shrinks for the first time since records began after coronavirus outbreak -- Yahoo News

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