China says its economy shrank by 6.8% in the first quarter as the country battled coronavirus


bigstock China Market Stock Crisis Red 272765329(Worthy News) – China reported that its first-quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second-largest economy took a huge hit from the coronavirus outbreak, data from the National Bureau of Statistics of China showed.

The contraction in the first quarter would also be the first decline since at least 1992, when official quarterly GDP records started, according to Reuters.

In the first quarter, retail sales in China fell 19% from a year ago while industrial production fell 8.4% in the same period, data from the bureau showed. [ Source: CNBC (Read More…) ]

18
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Activists Warn of ‘Assassination of Humanity’ at COP30 Despite Concerns Over Lack of Alternatives (Worthy News Focus)
Christian Leaders Thank Trump for Pressure on Nigeria over Massacre of Christians at Vigil in Washington (Worthy News Focus)
Student Revival Movement Sweeps NC State as Thousands Respond to Gospel at UniteUS Tour
Mourning France Marks 10TH Anniversary of Paris Terror Attacks That Killed 130
Trump Administration Reverses Biden-Era Oil Restrictions, Reopens 13 Million Acres in Alaska for Energy Development
US Pushes UN Security Council to Approve Gaza Stabilization Force as Draft Includes Historic Reference to Palestinian Statehood
Hegseth Announces Operation Southern Spear, Targeting Narco-terrorists
State Department Designates European Antifa Groups Foreign Terror Organizations
Trump Administration Under Mounting Pressure To Open Epstein Files (Worthy News In-Depth)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News