13
Comments (3)
sorted by:
1
uvontheterrible 1 point ago +1 / -0

Not sure about that. China had it's GDP drop in Q1 because they shut down earlier.

1
Browntrumper [S] 1 point ago +1 / -0

As did most nations I suppose? Except now they are making prominent recovery while other nations are still in the waters, and it is projected the trend will continue. An initial price to pay for a massive gain I say.

1
uvontheterrible 1 point ago +1 / -0

Most other countries had a mild contraction in Q1, if any. I think the US was about 1.2%.

It's impossible to tell if this is hurting China by looking at the numbers they report because you can't trust the numbers they report.

I believe it will hurt China because global companies are beginning to diversify their supply chains out of China, and the US and other countries have begun imposing punitive measures on China which will probably get much worse.