Month: April 2020

China’s economy will emerge stronger

Residents shop for food and supplies at a supermarket in Wuhan, central China’s Hubei Province, March 24, 2020. Xinhua/ That China’s economy contracted 6.8% year-on-year in the first quarter should come as no surprise. Yet the labor market and food supply chains remain largely stable despite the economic crisis, which is a powerful sign that […]

Chinese economy shrinks as coronavirus hits global trade | Chinese economy

China’s economy shrank 6.8% in the first three months of 2020, the first such contraction ever recorded in the country and a stark sign of the financial impact of the coronavirus pandemic. The news came as Chinese authorities revised the death toll in Wuhan, the hardest-hit city and where the virus first emerged, up 50% […]

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