Coronavirus: China’s economy shrank for the first time since 1976 in first quarter | SCMP

“China’s economy shrank by 6.8 per cent in the first quarter of 2020, the first contraction since the end of the Cultural Revolution in 1976, confirming the economic damage done by the coronavirus pandemic.”

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China’s exports are down 6.6 percent | Die Zeit

“As a result of the corona virus pandemic, China’s exports fell significantly again in March. According to the authorities, the decrease was 6.6 percent compared to the previous year. This was less than in January and February, when exports slumped 17.2 percent. Because of the Chinese New Year, the two months are counted as a single period.”

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Coronavirus: China’s export showroom Yiwu grinds to a near halt as global pandemic restrictions bite | SCMP

“China’s famed Yiwu International Trade Market, a barometer for the health of the nation’s exports, has been hammered by the economic fallout from Covid-19. Export orders have dried up amid sweeping containment measures in the US and Europe and restrictions on foreigners entering China have shut out international buyers.”

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How Europe failed the coronavirus test | Politico

“They could have known. They should have prepared. They didn’t listen.

Europe, in early April, remains the epicenter of the coronavirus pandemic — where the outbreak, uncontrolled, morphed into catastrophe. Nearly 50,000 dead. More than 600,000 infected. And the devastation is far from over.

The world’s largest economy is paralyzed. The planet’s most open societies are frozen in fear — with the Continent’s treasured freedoms blamed for accelerating the spread of the most pernicious contagion to afflict humankind in more than 100 years.

It is a crisis with no end in sight. And it is one that Europe’s top leaders failed to see coming.

They failed to hear the warnings that containment would prove ineffective. They failed to heed experts who said no country could fight the virus on its own, failed to perceive that the world’s most advanced health care systems were at grave risk of being overwhelmed. They failed to understand that drastic measures would be needed until Italy — patient zero among EU member countries — frantically imposed travel restrictions that impeded European leaders’ own movements.”

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