Don’t be jealous But China wins the coronavirus war.
All right, you might be angry. At least frustrated.
Your kids are in school. They don’t wear a mask. Servers in ChengduArray … without a mask. Shanghai player fans were covered in last week’s Cartoon and Games Exhibition, the partly illuminated mask, partly off, through hundreds.
And its economy will grow by more than 3% this year, Barclays Capital estimated on Friday.
China’s economy recovered at an annualized expansion rate of 3.2% in the quarter, following the 6.8% contraction in the first quarter. It surpassed Bloomberg’s consensus by 2.4%.
China’s figures are supported by a sustained demand recovery, both domestic and foreign. Retail sales continue to disappoint, but are basically retained through car sales.
The stimulus is the call of the game. The strong upturn was largely due to infrastructure spending and approvals of new infrastructure projects (in May, they increased by 11% on an annualized basis and in June to 8%). And genuine real estate investment has increased (about 9% from May to June), as it is China’s main savings account, as they are not allowed to invest and everyone in China knows that inventory exchanges in Shanghai and Shenzhen are similar to those of a Macau casino.
In any case, China is experiencing a V-shape and we are not.
China is not concerned about coronavirus outbreaks. Maybe they’re lying. If they are, they seem to be in a position to put their schoolchildren at risk.
See…?
Your inventory market is developing as a group of gang members.
New export orders continue to rise to a maximum of 3 months, thanks to the source of surgical masks and PPE for foreigners that no one else in the world knows how to manufacture.
But, in general, knowledge of China’s exports in June showed an expansion of the recovery in exports from May, as the United States and Europe emerged from the blockade, so it is not just a pandemic-related product that China sends to global markets.
China’s V-shaped economic recovery continued for the fourth month in a row in June, driven by strong domestic demand. If Covid-19 remains under control, China will likely remain the world’s most productive customer history.
On the nineteenth anniversary of the launch of “China’s Impending Collapse,” it is worth noting the resilience of the Chinese economy, which survived the global currency crisis, Trump’s price lists, and now the coronavirus, points to Chinese eternal bull Andy Rothman, an investment strater for Matthews Asia.
In 2001, Gordon Chang (Rothman’s enemy) predicted China’s tough touchdown. He wasn’t alone. The hard-touchdown guys have been clamoring for this at least for as long as I’ve covered China since and above ground, and this since 2011.
China is starting to make other people worse. If it’s not just to spread the coronavirus, but because it’s doing better than anywhere else (it seems) and last year they accounted for 40% of global economic expansion, more than combined contributions to global expansion in the US, EU, and Japan, according to IMF data.
The EU is necessarily the 3rd violin. They’ll decide about the Chinese over the United States any day of the week. And those industry figures why. The moment explains why it might be his disdain for Donald Trump of Queens, even if it is only temporary. Europe will love China long after Trump leaves. Witness his silence in Hong Kong and Uighur camps in Xinjiang.
In fact, there would be an outbreak of coronavirus in Xinjiang now.
While interesting to note, the last time China reported an epidemic, it was in one region of Beijing and included perhaps 115 other people and now it’s not even a title.
A month ago, Wuhan examined 11 million of its population to detect the new SARS coronavirus. Wuhan is the basis of new SARS diseases, known as CoronaVirus-2019 or Covid-19. Only three hundred more people had it. Three hundred out of a population of 11 million who have come out of hiding. Apparently, the virus still spread enough to infect three hundred other people once they were expelled from their closed departments. But not 10.9 million more. It’s amazing.
Again, the first SARS lasted only 8 months and died. If he’s still alive, we never hear about it, and it doesn’t inspire other people to drink like this existing version.
In April, macroeconomic knowledge of China’s first quarter was the weakest since the Tang dynasty. Life did not begin to return to an appearance of normality until the end of March, after more than six weeks of general business closure.
China’s economy is driven by domestic demand and technology.
Last year was the eighth year in a row in which China’s consumer share and was the largest, surpassing exports.
Although customer spending will remain weaker than the previous one until next year, because even the Chinese still have at least a little fear of coronavirus, China will remain the most productive economy in the world this year… and the next one.
If Covid-19’s knowledge of China is remotely reliable, I will leave it with Mr. Rothman of Matthews Asia in San Francisco:
“I know that some investors wonder if Covid’s knowledge of the Chinese government can be reliable. I think there are two reasons for that since January 23: when the government closed the city of Wuhan, where the virus was first identified, and that it has a larger population than New York City: the Chinese government has not intentionally falsified its knowledge. First, if the number of hospitalizations and deaths were particularly higher than official statistics, we would listen to it on social media in the circle of relatives and friends of those patients
Logic. And their parents wouldn’t send their children to ballet summer camps, and the ters probably wouldn’t have approached others in a classroom.
I spent 20 years as a journalist for the most productive in the industry, adding as a member of the Brazilian-based staff for WSJ. Since 2011, I have focused on business and making an investment in the