China Restarts Economy

China’s budding economic recovery provides not only provides some relief to global manufacturing but also insight and guidance into a timeframe when the rest of the world’s economy will restart. Real-time indicators show that China is re-starting its industrial complex…Clearly, the re-start is at an early stage, but things are gradually improving. — Sanford C. … More China Restarts Economy

China Turns To State-Controlled Enterprises to Cushion Economic Shock

As private manufacturers in China struggle to restore production, most of the country’s 20,000 industrial companies controlled by the central government have increased production of masks, medicines, steel, heavy machinery and other products to maintain employment. China State Construction Engineering Corp. in Wuhan, for example,  created more than 20,000 jobs for construction workers, engineers and … More China Turns To State-Controlled Enterprises to Cushion Economic Shock

China’s Industrial Output Plunges, GDP Headed For First Contraction On Record

China’s industrial output fell more than expected as the coronavirus shutdown factories, across the nation.  Industrial output fell13.5% in January and February from a year earlier, versus a median estimate for a 3% contraction. Retail sales fell 20.5% in the period, compared to a projected 4% fall. Fixed-asset investment dropped 24.5%, versus a forecast 2% … More China’s Industrial Output Plunges, GDP Headed For First Contraction On Record

Auto Sales In China Down 80% In February

Auto sales in China, the world’s largest passenger car market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday. The China Passenger Car Association (CPCA) said in a statement that China’s overall passenger car sales dropped 80%, without giving a full sales figure for the month. … More Auto Sales In China Down 80% In February

Tracking China’s Recovery With Alternative Data

Using YoY percentages to gauge economic activity, the Feb 26 median of intracity travel among China's 50 largest cities was down 33% from 2019, and down 43% from 2020 pre-LNY. pic.twitter.com/A9T7ZdOA3i — Exante Data (@ExanteData) February 27, 2020 Alternative data is increasingly being used as a way to get an edge on financial and commodity … More Tracking China’s Recovery With Alternative Data

Taiwan Sees Upside In Coronavirus Supply Chain Disruption

We are posting the full editorial posted by the Taipei Times this morning.  Here are the money quotes: Taiwanese electronics manufacturing service providers, such as Hon Hai Precision Industry Co and Pegatron Corp, expect to suffer from supply chain disruptions, as more than 80 percent of their output comes from China. …unprecedented supply chain disruptions … More Taiwan Sees Upside In Coronavirus Supply Chain Disruption

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 … More China Begins To Subsidize Auto Purchases To Revive Collapsing Sales