China’s 2020 GDP Growth Set to Sink to 44-Year Low as CCP Virus Cripples Economy

China’s 2020 GDP Growth Set to Sink to 44-Year Low as CCP Virus Cripples Economy
Pedestrians wearing face masks ride an escalator near an overpass with an electronic board showing the Shanghai and Shenzhen stock indexes, following an outbreak of the novel coronavirus in the country, at Lujiazui financial district, in Shanghai, China, on March 13, 2020. Aly Song/Reuters
Reuters
Updated:
BEIJING—China’s economic growth is set to stumble to its slowest annual pace in nearly half a century, as the CCP (Chinese Communist Party) virus health crisis shutters businesses and brings the global economy to a standstill, a Reuters poll showed on Tuesday.

China’s leaders have pledged to take more steps to combat the impact from the pandemic that looks likely to delay a recovery in the CCP virus-ravaged economy, as mounting job losses pose a threat to social stability.