Posted on 04/17/2020 9:45:11 PM PDT by nickcarraway
China's economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close.
The world's second biggest economy contracted 6.8% according to official data released on Friday.
The financial toll the coronavirus is having on the Chinese economy will be a huge concern to other countries.
China is an economic powerhouse as a major consumer and producer of goods and services.
(Excerpt) Read more at bbc.com ...
Their little trick backfired on them the SOBs.
It all fell apart when the accident happened at that bio lab and they then tried to cover it up.
I still think it was an accident and not on purpose. If by purpose, they released it to soon before they had the meds to combat it within their own country-not that it matters to those bastards.
https://www.youtube.com/watch?v=3bXWGxhd7ic
Boycott China
We need to make sure it shrinks further.
I put back two items today that said Made in China on them.
No more.
I hope this is just the beginning of the end for China.
I have been hearing for many years that China’s economy has been growing about 30% per year, which is preposterous. I think we can believe nothing that comes from China, be it growth or recession or artistic achievements.
Where’s the boohoo lady???
No doubt the chicoms thought this would take down Trump but payback is a b***
Would I love to see millions of angry Chinese overthrow the chicoms who brought this plague upon the world? For sure, But I’m not optimistic after Tianamen Sq.
Some of the growth was an illusion.
A lot more of it was infrastructure. China went from oil lamps and dirt roads to electric lights and superhighways in 25 years.
I first went into China right after my wife and were married in 1986 the transformation from then until now is absolutely staggering.
But, once you get the roads, skyscrapers, bridges, and electrical generating stations built, what next? China’s growth had really slowed the past 5 or 6 years.
They still produce most of what is sold in America.
And from what I understand, they may be making it very difficult for foreigners, to move.
Anywhere.
See Kyle Bass on Twitter:
US companies in #China “haven’t been able to get [their] money out for 4 yrs. And now we’re being told that maybe you can’t get your supply chains out.”
Hayman Capital’s @Jkylebass talks #decoupling & post-#CCPvirus economic recovery.
PREMIERE 8pm ET:
https://t.co/EMaBaQPsLs https://t.co/wtu9BM8vbJ
ept.ms/kylebass
http://ept.ms/kylebass
https://m.youtube.com/watch?list=PLKDm1nJ92oesGrVYibBZu36doa0kRk75w&v=exASOIXH8So
“And from what I understand, they may be making it very difficult for foreigners, to move.”
They’ve been doing this for years. A number of HK businessmen got cheated because under Chinese law they had to have a mainland partner to open the factory. The mainland partner then stole the whole operation through legal shenanigans.
No, I don’t think that’s right. But the US companies are going to take a bath if they try to leave and take their equipment with them
Serves them right.
China can’t fulfill their deal with the US.
So there may be even more reason to decouple coming.
Sorry I think I misappropriated the quote,
That was from the twitter account:
@JanKekielek.
He’s the Senior Editor of the Epoch Times.
@JanJekielek
I am just learning Twitter now.
If that’s what they admit to, what’s the real number?
Exactly so.
However, please be aware:
ept.ms/kylebass
http://ept.ms/kylebass
https://m.youtube.com/watch?list=PLKDm1nJ92oesGrVYibBZu36doa0kRk75w&v=exASOIXH8So
That is a very good video.
Whether it was an accident or on purpose, until the Chinese Communist Party (CCP) is ANNIHILATED, it will continue to happen again and again.
bump
Any company that doesn’t pull out of China is supporting them over their own dead countrymen.
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