Consumer-good sales declined by 19 percent in the first quarter Almost one-fifth of the Chinese economy is closed — Trivium ChinaFirst-quarter China air-passenger traffic slumped by 54 percent Twenty percent of U.S. companies have relocated manufacturing outside China in response to tariff increases — American Chamber of Commerce in China While almost all of Wuhan's large factories have reopened, only a third of small businesses have. Here, consumers line up to enter the Aeon Mall in Wuhan. Credit: Painjet, Creative Commons Quote of the Week The scale and breadth of China’s economic contraction are staggering. There is little prospect of China driving a revival of global growth.Eswar Prasad, the former head of the International Monetary Fund’s China division. Singing the Blues Gloomy predictions and lamentations followed news that China’s economy shrank by 6.8 percent in the first quarter versus a year ago. Don’t expect that a slowing of the p