China’s Business Activity Turns Broadly Negative for First Time

SHANGHAI—Business exercise in China turned broadly damaging for the very first time on document as property gross sales, construction exercise, retail gross sales and manufacturing facility output plunged, pushing unemployment to a document substantial, symptoms of the high priced financial destruction related with making an attempt to management the distribute of the coronavirus.

Taken alongside one another, the info, which is from the very first two months of the year, paint a bleak photo of the effect that China’s government lockdowns on the movement of persons and merchandise have experienced since they were carried out in…