China’s first quarter growth contracted 6.8% from last year

China’s first quarter growth contracted 6.8% from last year
China Business Minute

 
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Official economic data came out last Friday and the news was not good. The combined effects of COVID-19, and declines in exports, consumer retail, and investment caused a 6.8% GDP decline in the first quarter. We talk with our Director in Shanghai, Owen Haacke, about the economic numbers, forecasts for 2020 overall, and the impacts on member companies.

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