Hobbled by coronavirus, China's Q1 GDP shrinks for first time on record

BEIJING (Reuters) - China's economy shrank for the first time in almost three decades of records in the first quarter, as the coronavirus paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses.Gross domestic product (GDP) fell 6.8% in January-March year-on-year, official data showed on Friday, slightly larger than the 6.5% decline forecast by analysts and reversing a 6% expansion in the fourth quarter of last year.The contraction is also the..