Article 529HA China's economy shrinks as coronavirus hits world trade

China's economy shrinks as coronavirus hits world trade

by
Lily Kuo in Beijing
from on (#529HA)

Economic effects of lockdowns felt globally as depressed demand affects manufacturers

China's economy shrank 6.8% in the first three months of 2020, the country's first such contraction on record and a stark sign of the financial impact of the coronavirus pandemic.

The news came as Chinese authorities revised the death toll in Wuhan, the hardest-hit city and where the virus first emerged, up by 50%, to 3,869 from 2,579.

Donald Trump unveiled a set of guidelines for reopening the US economy, comprising of three phases but ultimately deferred to governors on when and how to return the states to normal.

New Zealand recorded its lowest ever number of coronavirus cases, with only eight people found to be infected.

The UN warned the pandemic risked turning into a child rights crisis.

A third Japanese cabinet official tested positive for the virus, after the country expanded its state of emergency.

India banned the use of the Zoom video conferencing app in government meetings, amid concerns about security.

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