The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA
The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA

Coronavirus: China’s economy lost US$196 billion in January, February, says ex-IMF official

  • Dips in tourism, consumer spending could reduce first-quarter growth by three or four percentage points, according to Zhu Min
  • Massive effort now needed to help country rebound, economist says

Topic |   Coronavirus pandemic
The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA
The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA
READ FULL ARTICLE