China Suffers Historic Economic Slump With Hard Recovery Ahead.

(Bloomberg) -- The coronavirus pushed China's economy into its first contraction in decades in the first quarter, with the spread of the disease around the world now leaving the nation reliant on fragile local demand to spur a recovery. But the data overall indicated an uphill struggle awaits the world's second largest economy and its experience will be monitored elsewhere for clues as to how fast other economies will emerge from lockdowns. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)