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

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

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 end of last year, shows its research note on Wednesday.

In the first quarter, China's economy is . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE