Economic effects of lockdowns felt globally as depressed demand affects manufacturers
China’s economy shrank 6.8% in the first three months of 2020, the country’s first such contraction on record and a stark sign of the financial impact of the coronavirus pandemic.
The news came as Chinese authorities revised the death toll in Wuhan, the hardest-hit city and where the virus first emerged, up by 50%, to 3,869 from 2,579.
