China’s economy hit by double whammy in March

Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s Covid-19 outbreak in 2020, adding to the urgency for more policy intervention to stabilize the economy.Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s Covid-19 outbreak in 2020, adding to the urgency for more policy intervention to stabilize the economy.