China's economy marked its first quarterly contraction on record in the first three months of 2020, shrinking 6.8 percent from a year earlier, official data showed Friday, underscoring the damage done by the coronavirus pandemic to the nation dubbed the "world's factory."In the wake of the outbreak of the new pneumonia-causing virus, China has since early this year been forced to drastically restrict movements of people and goods to prevent further infections, weighing heavily on production, consumer spending and trade across the board.As the annual meeting of China's national parliament, w…READ FULL ARTICLE
