by Mike ‘Mish’ Shedlock
The official official death toll just topped the 1K mark but it’s likely 10 times that as China grinds to a halt.
Medieval Times Checks
The New York Times reports ‘Like Europe in Medieval Times’: Virus Slows China’s Economy.
More than two weeks after China locked down a major city to stop a dangerous viral outbreak, one of the world’s largest economies remains largely idle. “It’s like Europe in medieval times,” said Jörg Wuttke, the president of the European Chamber of Commerce in China, “where each city has its checks and crosschecks.”