NewsBite

China's economy shrinks for the first time since 1976

Michael Smith
Michael SmithHealth editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Shanghai | China increased the reported coronavirus death toll in Wuhan by 50 per cent on Friday as it announced the country's first negative economic growth since the end of the Cultural Revolution in 1976.

China said its economy fell by 6.8 per cent in the first quarter, worse than expected, but started showing signs of recovery in March as factories and businesses reopened after a six-week shutdown due to the health crisis.

Loading...
Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Asia

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/asia/china-s-economy-falls-record-6-8pc-in-first-quarter-20200417-p54krx