China’s industrial engine is set for another economic shock, as coronavirus lockdowns around the world hit export demand. Photo: DPA
China’s industrial engine is set for another economic shock, as coronavirus lockdowns around the world hit export demand. Photo: DPA

Coronavirus: China economy set to get worse before better, official warns, as export hit looms

  • China has reversed some efforts to reopen entertainment venues amid fears of second wave of infections, while exports are set to plunge
  • Tens of millions of jobs at risk, with one report saying 18 million jobs in exporting industries could be lost due to overseas demand slump

China’s industrial engine is set for another economic shock, as coronavirus lockdowns around the world hit export demand. Photo: DPA
China’s industrial engine is set for another economic shock, as coronavirus lockdowns around the world hit export demand. Photo: DPA
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