China is winning the coronavirus battle but losing the economic war

//China is winning the coronavirus battle but losing the economic war

China is winning the coronavirus battle but losing the economic war

The latest Chinese activity data for January and February blew all forecasts out of the water and made even the most pessimistic projection look optimistic. All gauges of economic activities plunged to their lowest levels on record, confirming the economic paralysis caused by the coronavirus outbreak. Even with more people going back to work in March, it is inevitable that first-quarter growth will contract sharply, particularly as the National Bureau of Statistics doesn’t appear to be holding…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-03-25T06:30:13+00:00 March 25th, 2020|Business|Comments Off on China is winning the coronavirus battle but losing the economic war