Economics
China Set for Unprecedented Contraction in Early-Year Data
- Factory output, retail sales, investment all seen contracting
- Economy expected to grow at slowest pace since early 90s in 1Q
Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Data on China’s industrial output, investment and retail sales due Monday are forecast to show an across-the-board contraction for the first time on record, evidence of the extent to which the coronavirus has ravaged the economy.
The data is released on a combined basis to account for the normal seasonal swings around the Lunar New Year holiday.