China’s economy set for first contraction since 1976 as Covid-19 rips up Beijing’s grand plan

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China will release its first quarter gross domestic product (GDP) data on Friday morning, with the median estimate from a Bloomberg survey for a fall of 6 per cent

Predictions in the survey range from a deep contraction of 16 per cent to a modest expansion of 3.6 per cent following a growth rate of 6.1 per cent in 2019


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