China’s economy could be entering a full-blown recession, analysts warn

Expert: World faces full-blown recession if China economy collapses

In this Monday, April 5, 2019 photo, a Chinese flag is seen at a display in front of the Ministry of Foreign Affairs in Beijing, China. Chinese authorities are facing an increasingly bleak economic future if they let the economy tumble into a full-blown recession, analysts warn. A key economic indicator hit its worst level in the more than 10 years since the global financial crisis, with annual manufacturing growth falling to its lowest level in seven years. (AP Photo/Mark Schiefelbein)

In this Monday, April 5, 2019 photo, Chinese flags are seen at a display in front of the Ministry of Foreign Affairs in Beijing, China. Chinese authorities are facing an increasingly bleak economic future if they let the economy tumble into a full-blown recession, analysts warn. A key economic indicator hit its worst level in the more than 10 years since the global financial crisis, with annual manufacturing growth falling to its lowest level in seven years. (AP Photo/Mark Schiefelbein)

BEIJING (AP) — The worst economic crisis in decades could turn a decade-long growth spurt into a full-blown recession in China, experts warned Wednesday, and a key economic indicator hit its worst level in the more than 10 years since the global financial crisis.

An economic slowdown could sweep the world’s second-largest economy into a full-blown recession after China’s growth began slowing last quarter and was expected to cool this year.

In the world’s second-largest economy, China’s quarterly growth plummeted to its weakest level in seven years during April, and it could stay that way for all of 2018 if it follows through on a “recovery” that’s set to end by the end of this year.

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The “recovery” has become a mantra for Chinese President Xi Jinping, who wants to get the economy growing again. But Beijing faces a daunting task to revive the world’s second-largest economy in spite of a series of policy initiatives to prop up growth, including buying state-run companies.

And now, China’s economy might be entering a recession that would be the worst seen in modern times.

Data released Wednesday by China’s statistics agency showed a sharp drop in economic activity in the crucial export sector

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