The Chinese recovery has stalled as world shuts

Tuesday 7 April 2020

Via Capital Economics, the Chinese industrial recovery has stalled at around 80% capacity:

Some better measures for the consumer but the industrial recovery has stalled miles below capacity. It may be that those apartment sales numbers are just stimulus anyway.

Asia is now shutting down fast:

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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.