China’s First-Quarter GDP Plunges on Coronavirus

BEIJING—China’s economic climate plummeted 6.eight% in the first a few months of the yr as opposed with a yr previously, the country’s first these kinds of drop due to the fact Beijing began reporting quarterly gross domestic product or service in 1992.

The sharp contraction in the world’s second-major economic climate, noted Friday, features a foreshadowing of the agony anticipated in the U.S. and all around the planet as the coronavirus pandemic shuts borders, halts business action and cripples international offer chains.

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