China has recently released its first-quarter economic data. The long-term economic miracle has ground to a halt. The economy has contracted by 10 per cent. This should come as no surprise to our readers, as the devastating economic impact of Covid-19 is now being felt around the world, and Q2 global data is likely to show similar signs in western economies.  By looking into the data, the policy responses that have been employed and currently under consideration, China’s experience should give policymakers and business leaders some time for pause and reflection. Decision-making around bringing the economy back to ‘normal’ is…

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