China's GDP contracts for first time in 40 years: industry reacts

clock • 6 min read

For the first time since records began, China has posted a YoY decline in its economic output, with official figures showing a contraction of 6.8% for the country's first-quarter GDP. Today's figures, published by Beijing's National Bureau of Statistics, break an uninterrupted run of economic growth spanning four decades. Although China first began reporting its GDP statistics only in 1992, most analysts said this is the first time the country has seens a year-on-year decline in more than 40 years. The fall in quarterly GDP follows a 6% growth in the 4Q2019. Mao Shengyong, a spo...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.