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China’s economy could contract 10% in first quarter, analysts say

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China is likely to see its economy contract for the first time in the first quarter of the year since 1992 as the ongoing coronavirus outbreak took a heavy toll on the world's second largest economy.

S&P Global Ratings lowered forecast of China's 2020 full-year economic growth to 2.9 per cent, the fourth cut it made in three months, compared to the forecast of 5.7 per cent growth at the . . .

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