China's economy could shrink for the first time in decades because of the coronavirus

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Wednesday revealed shockingly bad news for services in the world's second biggest economy

Hong Kong The novel coronavirus outbreak has been brutal for China and could plunge the country's economy into its first contraction since the 1970s.

Economic activity sharply declined across the board in February as companies struggled to reopen for business or hire workers during a government-mandated shutdown, according to official and private surveys released in recent days.Wednesday revealed shockingly bad news for services in the world's second biggest economy. Chinese media group Caixin said its purchasing managers index for the sector plummeted to 26.5 last month from a reading of 51.

 

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lots of people have to pay mortgages ; unemployment is higher than expect, economy is Chian would get worse in the next few months

Chinese have been buying up prime American real estate for years. Even the exclusive town of Lexington Massachusetts (the birthplace of the American Revolution) is starting to look more like Chinatown. If we are not careful, we will become just an annex of China!

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Good news for America !! China has been keeping it at bay for decades Around time

no surprise and it is normal. But it is under recovering.

Seriously who cares except Walmart and their Chinese made junk.

Racist and selfish, looks good on them.

Keep telling yourselves that. China been hip to US' bullshit. They play the long game and their already bouncing back from their outbreak. Unlike US citizens who are still waiting for the avalanche of shoes to fall on our outbreak here. And we don't have as many friends as China.

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Wow just like men’s penises when they see Liz Warren trailoftearsto the podium

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