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China’s economic data collapsed amid coronavirus outbreak

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s industrial output posted the sharpest drop in 30 years in the first two months of the year as the economy was hit hard by the coronavirus and strict containment measures. Investment and retail sales also tumbled.

Industrial output fell by 13.5 in January-February from the same period a year earlier, the worst performance since January 1990, and a sharp reversal from 6.9 per cent gain in December, showed data released by the . . .

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