Private survey of Chinese businesses predicts economy could contract this year

Private survey of Chinese businesses predicts economy could contract this year

Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020.

Xue Yuge | Xinhua News Agency | Getty Images

With about half a year to go, it’s still not a given that China’s economy will grow in 2020.

An independent survey of more than 3,300 businesses in the country by U.S.-based China Beige Book found that for the second quarter, recovery…

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