China’s economy has been hard hit by the coronavirus outbreak. Photo: AP
China’s economy has been hard hit by the coronavirus outbreak. Photo: AP

Coronavirus: China likely to introduce new measures to bolster economy, analysts say

  • Analysts have cut their forecasts for China’s first quarter gross domestic product (GDP) growth to a contraction of up to 6 per cent
  • The change in sentiment came after the release by the National Bureau of Statistics (NBS) of the official manufacturing purchasing managers’ index (PMI)

China’s economy has been hard hit by the coronavirus outbreak. Photo: AP
China’s economy has been hard hit by the coronavirus outbreak. Photo: AP
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