In value terms, Hubei’s economic output shrank 273.1 billion yuan (US$38.6 billion) to 637.9 billion yuan (US$90.2 billion) in the first three months of the year. Photo: Reuters
In value terms, Hubei’s economic output shrank 273.1 billion yuan (US$38.6 billion) to 637.9 billion yuan (US$90.2 billion) in the first three months of the year. Photo: Reuters

Coronavirus: economy in China’s Covid-19 epicentre Hubei shrank 40 per cent in first quarter of 2020

  • Gross domestic product (GDP) in Hubei, the seventh largest provincial economy in China in 2019, lost 39.2 per cent in the first quarter
  • The first quarter contraction was the largest since the 1938 war with Japan that devastated the economies of Hubei and its neighbouring provinces

In value terms, Hubei’s economic output shrank 273.1 billion yuan (US$38.6 billion) to 637.9 billion yuan (US$90.2 billion) in the first three months of the year. Photo: Reuters
In value terms, Hubei’s economic output shrank 273.1 billion yuan (US$38.6 billion) to 637.9 billion yuan (US$90.2 billion) in the first three months of the year. Photo: Reuters
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