CHINESE ECONOMY TAKES A HIT WITH 6.8% CONTRACTION IN ITS Q1 REPORT

Highlights:

• The Chinese economy took a beating at 6.8% contraction for its first quarter
• GDP  might slow down to 2.5%

One of the largest economies of the world, China have taken an economic beating in the wake of the covid-19 pandemic too. As China reported its first-quarter GDP, it showed that the Chinese economy has contracted by 6.8% for 2020. The Chinese economy has been growing steadily ....