China suffers worst economic drop since '70s in virus battle
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.
China suffers worst economic drop since '70s in virus battle
Apr 17, 2020, 3:14am UTC
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.