China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP
China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP
Economy /  China Economy

Coronavirus: China’s economy shrank for the first time since 1976 in first quarter

  • China’s economy shrank by 6.8 per cent in the first quarter of 2020 after the coronavirus shut down large swathes of the country
  • Industrial production, retail sales and fixed asset investment all shrank again in March, showing challenge in restarting the economy

Topic |   Coronavirus pandemic
Finbarr BerminghamOrange Wang
Finbarr Bermingham  and Orange Wang

Updated: 11:44am, 18 Apr, 2020

Why you can trust SCMP
China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP
China’s economy shrank by 6.8 per cent in the first quarter of 2020. Photo: AP
READ FULL ARTICLE