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For the first time since the Cultural Revolution as China's economy shrinks
2020-04-17T19:55:15.840Z
Corona pandemic hits hard on China's economy, which plunged 6.8 percent in the first quarter of the year compared to the same period last year, according to official figures. It is the first time since 1976 that the country's economy is shrinking. - Half a million companies have gone bankrupt during the first months of the year and in many cases companies are part of the global food chain, says SVT's Asia correspondent Ulrika Bergsten in Aktuellt.
Source: svt