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Coronavirus: China’s economy could shrink about 10% in Q1 of 2020

An independent survey by the China Beige Book (CBB), a private firm, shows that China’s economy could shrink about 10% before the end of 2020’s first quarter.

March 25, 2020 · 1 min · 65 words · Stephen Walker

The conclusion follows an assessment of over 3,300 Chinese businesses for several quarters.

It has spread all over the world and over 11,000 people have been affected, it has been estimated.

The spread of the coronavirus had led to a possible contraction of the worlds second-largest economy.

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