Coronavirus Ravages China’s Economy—and It’s Just Getting Started

BEIJING—Since the Cultural Revolution ended in the mid-1970s, China’s economy, fueled by market reforms, has notched up more than four decades of unbroken gains, enlarging the domestic economy by roughly a hundredfold and transforming the world.

That winning streak is over. China on Friday reported a 6.8% year-over-year contraction in its economy for the first three months of the year—the first quarterly decline in gross domestic product since official record-keeping began in 1992 and likely the first since Mao Zedong’s death...

That`s what they deserve.

Although with the present economic woes, we have to remind ourselves China's economy is still way better than 90% of the world. Our own economy is already on the brink of collapse. Our American economy might be the worst performer yet.

China's collapse theory has been spoken for decades, but China is still good

So? Is the person important or the economy important? This multiple choice question will only appear in your test paper.

When you divide by zero, you get a large number... When the denominator is larger, you get a smaller number.

I hope they get charge for war crimes

You have to give them a nod for playing the West so effectively for 40 years.

Hey if any can help my sis & I even just with a $1 I’m out of work due to the virus & Im struggling to keep my place let alone put food on my table if anyone would be okay with helping me out I would very much appreciate it stay safe & god bless Venmo MattMartins147

End it! Finish the evil CCP regime. It has put a tight grip on its people and treat the majority of them like slaves for decades. The brainwash since kindergarten, the lies..Now it has spread to the whole world like cancer and cost tens of thousands of lives and affected millions

Just imagine the figures we'll get from the G7 economies if China is this bad.

There is an old saying in China: 留得青山在，不怕没柴烧. It means that as long as people's lives can be saved, there is still hope for our lives. Therefore, when comparing economy with human life, we choose life.Wish you guys good luck

Amazing. China’s economy ravaged and they “only” had 4,632 deaths?

China on Friday reported a 6.8% year-over-year contraction in its economy for the first three months of the year—the first quarterly decline in gross domestic product since official record-keeping began in 1992 and likely the first since Mao Zedong’s death in 1976economists said

I wish them a good start - the stock of my socks is almost empty!😀

now they're really a faceless billion and a half

The Chinese economy went backward because they shut it down to beat a killer virus... And Sounds like a reasonable result. And economic hit and millions of lives saved. No need for chicken little the sky is falling. Now the economy is reopening. Sounds a good strategy

Thanks to Trump! MAGA!

Japan 2.0

That happens when you cover up a pandemic causing virus release, epidemic and cause worldwide death and suffering and then have the gall to try and profit from your monumental screwup

China’s customers- the whole world- is going to go slow now. Not a pretty picture.

Wow, I couldn't have figured that out.

United States economy even worse hh🤪

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