China's factories restart just as coronavirus hits global demand

Nikki Sun and CK Tan, Nikkei Asian Review

Image by Marko Lovric from Pixabay

Just as the worst of the coronavirus passed in China, and Beijing pressed companies to resume operations, the virus is wreaking havoc in the demand of key overseas markets. Slowdowns are expected in government projects and property developments around the world in the coming months, and the Economist Intelligence Unit is revising the forecast for real GDP growth in China in 2020 from 5.4% down to 2.1%.

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