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China’s economy shrinks as coronavirus hits world trade

China's economy shrinks as coronavirus hits world trade thumbnail

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.

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