China readies growth cut as coronavirus damage spreads

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Leading us off is the politics and practicalities, via Sinocism:

There are still no indications the new coronavirus outbreak is under control.

Xi chaired a Politburo Standing Committee (PBSC) meeting Monday to discuss the virus, the second publicized PBSC meeting on the virus in nine days, though unlike the official CCTV report January 25th meeting, Monday’s broadcast did not include video from inside the meeting (see item 1 below for more details).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.