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China's Economy Braces for a COVID-19 Double Hit

Mar 24, 2020 | 14:59 GMT
Workers operate a production line of a new material company in Lianyungang, China, on March 23, 2020.

Workers operate a production line of a new material company in Lianyungang, China, on March 23, 2020.

(Costfoto/Barcroft Media via Getty Images)

In China, the economic fallout of the COVID-19 outbreak will drag on 2020 GDP growth as the country endures the twin hits of both the early-year domestic slowdown and the as-yet-unknown drop in overseas demand in key markets. But the country’s high debt levels -- partly fueled by its massive stimulus...

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