China's 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters poll

China's 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters pollChina’s economic growth is set to stumble to its slowest annual pace in nearly half a century, as the coronavirus health crisis shutters businesses and brings the global economy to a standstill, a Reuters poll showed on Tuesday. China’s leaders have pledged to take more steps to combat the impact from the pandemic that looks likely to delay a recovery in the virus-ravaged economy, as mounting job losses pose a threat to social stability. The survey also predicted China’s economy in the first quarter will contract by 6.5% year-on-year, for the first time since at least 1992 when the country first started issuing quarterly gross domestic product (GDP) data.



Read More