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Economy

China's economy skids as coronavirus paralyses factories and households

Jan-Feb industrial output shrinks to 30-year low as investment and retail sales fall

Employees work on a car seat assembly line in Shanghai, China, in February. China's industrial output for the combined months of January and February shrank 13.5% from the same period last year, disrupted by the coronavirus.   © Reuters

BEIJING (Reuters) -- China's factory production plunged at the sharpest pace in 30 years in the first two months of the year as the fast-spreading coronavirus and strict containment measures severely disrupted the world's second-largest economy.

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