Even as the surveyed jobless rate – the official measurement of unemployment in China – fell to 5.9 per cent from the record 6.2 per cent in January and February, many economists believe real job losses are more rife. Photo: AP

Coronavirus: China’s Xi Jinping promises action as economic growth machine stalls in first quarter of 2020

  • Contraction of 6.8 per cent in the first quarter of 2020 ends China’s long unbroken official run of economic growth
  • Politburo meeting chaired by President Xi Jinping vowed to support the economy, amid biggest crisis in decades
Topic |   Coronavirus pandemic
Even as the surveyed jobless rate – the official measurement of unemployment in China – fell to 5.9 per cent from the record 6.2 per cent in January and February, many economists believe real job losses are more rife. Photo: AP
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