Is China’s Economy Back to 90% Pre-Coronavirus Levels?




from WallStForMainSt

Some financial professionals in the US actually believe that the economy in Hubei province and other parts of China are now back to 90% of pre-coronavirus levels.

However, there’s both official Chinese economic data from Febrary 2020 and anecdotal evidence that China’s economy is nowhere near returning to 90% levels.

Beijing’s Claim Of No New Infections Contradicts Reality On The Ground https://www.zerohedge.com/geopolitica…

Chinese business leaders leave lights on at work to fake country’s ‘recovery’ from coronavirus so they don’t fall foul of officials https://www.dailymail.co.uk/news/arti…

“The Lights Are On But No One’s Working”: How China Is Faking A Coronavirus Recovery https://www.zerohedge.com/economics/l…

Coronavirus devastates China’s economy and the ‘nightmare’ is not over https://www.cnn.com/2020/03/16/econom…

Virus hammers China’s February economic activity: data https://news.yahoo.com/virus-hit-chin…

China’s Push to Restart Economy Revives Data Worries https://finance.yahoo.com/news/china-…

Refiners Race To Reduce Rates As Fuel Demand Falls Off A Cliff https://oilprice.com/Latest-Energy-Ne…

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