Data Puts China’s Recovery Prospects in Doubt

cc Håkan Dahlström, modified, Flickr, https://creativecommons.org/licenses/by/2.0/

Summary

The first official data has been published outlining the economic hit to China from COVID-19, and it’s considerably worse than many were expecting.

But even more alarming for Chinese policymakers: with COVID-19 sweeping the world and shutting down economies one after the other, the economic pain might just be getting started.

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