Economics
China’s Economy Suffers Historic Slump Due to Virus Shutdown
- Industrial output drops 13.5% in Jan.-Feb. from 2019
- Both retail sales and investment decline more than 20%
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China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now facing the global economy as the virus spreads around the world.