By now the number of coronavirus cases in China is approaching 70,000. Reportedly, about 400 million people are under some form of lock-down, if not outright quarantine. As a result, activity in China has ground to a halt. People are stuck at home, streets are empty, travel is limited. I wouldn't be surprised to see negative GDP figures for Q1 coming out of China. That's huge, given trend growth is closer to 6%. This is especially worrisome for the Chinese government trying to maintain order and control throughout the crisis.
4 Charts: China Coronavirus Collapse
4 Charts: China Coronavirus Collapse
4 Charts: China Coronavirus Collapse
By now the number of coronavirus cases in China is approaching 70,000. Reportedly, about 400 million people are under some form of lock-down, if not outright quarantine. As a result, activity in China has ground to a halt. People are stuck at home, streets are empty, travel is limited. I wouldn't be surprised to see negative GDP figures for Q1 coming out of China. That's huge, given trend growth is closer to 6%. This is especially worrisome for the Chinese government trying to maintain order and control throughout the crisis.