China suffers worst economic drop since '70s in virus battle

China suffers worst economic drop since '70s in virus battle

4 years ago
Anonymous $9CO2RSACsf

https://apnews.com/7cfa063b58a160f94235f35ab614329f

BEIJING (AP) — China suffered its worst economic contraction since since at least the 1970s in the first quarter as it fought the coronavirus, and weak consumer spending and factory activity suggest it faces a longer, harder recovery than initially expected.

The world’s second-largest economy shrank 6.8% from a year ago in the three months ending in March after factories, shops and travel were closed to contain the infection, official data showed Friday.