China
China Begins To Subsidize Auto Purchases To Revive Collapsing Sales
A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January. As China remains on lockdown due to the coronavirus, some Chinese cities are beginning …
COTD: Covid-19 Risk To Manufacturing
COTD – Chart of the Day The holiday is over, but few people are back in offices and factories…the effects of covid-19 will be like those of SARS in 2003: a sharp shock to Chinese growth, followed by a strong rebound. But SARS may not be a reliable guide. China’s economy accounts for 16% of GDP …