China’s nearly half-century-long run of economic growth has ended amid the pandemic, making clear how hard it will be to restart the global economy.
Thursday, April 16, 2020 10:04 PM EST
Chinese officials on Friday said that the world’s second-largest economy had shrunk in the first three months of the year, ending a streak of untrammeled growth that survived the Tiananmen Square crackdown, the SARS epidemic and even the global financial crisis. The data reflects China’s dramatic efforts to stamp out the coronavirus, which included shutting down most factories and offices in January and February as the outbreak sickened tens of thousands of people.
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