FEARS of a deep global recession were laid bare last night as figures showed China's economy shrank for the first time since the 1970s.
The world's second biggest economy contracted 6.8 percent according to official data. It’s also the first time China has reported an economic contraction since 1976, when Communist Party leader Mao Zedong's death ended a decade of social and economic tumult. The financial toll the coronavirus is having on the Chinese economy will be a huge concern to other countries.
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