China’s retail sales had fallen by 20.5 per cent, the first decline on record, in combined data for January and February. Photo: Bloomberg
China’s retail sales had fallen by 20.5 per cent, the first decline on record, in combined data for January and February. Photo: Bloomberg

China economy 2020 review: the highs and lows of a coronavirus-hit 12 months

  • China’s economy shrank by 6.8 per cent in the first quarter of 2020 as the coronavirus hit home, with exports and manufacturing plunging
  • But after its manufacturing engine recovered and its exports soared, China is set to be the only major global economy to show positive growth in 2020

China’s retail sales had fallen by 20.5 per cent, the first decline on record, in combined data for January and February. Photo: Bloomberg
China’s retail sales had fallen by 20.5 per cent, the first decline on record, in combined data for January and February. Photo: Bloomberg
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