BEIJING - The first official indicator of the Chinese economy in 2020 signaled the nation's factories were flat lining even before the country shut down for the Lunar New Year holidays and the coronavirus outbreak worsened.
China's economy was already slowing amid weak domestic demand, a crackdown on debt and the trade war with the U.S. The worsening health crisis has seen numerous economists revise down their forecasts for growth. Many expect the government and central bank will step in to cushion the blow.
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