China Has Ground To A Halt: “On The Ground” Indicators Confirm Worst-Case Scenario | Zero Hedge

China Has Ground To A Halt: “On The Ground” Indicators Confirm Worst-Case Scenario | Zero Hedge

….several other indicators have emerged showing that despite Xi’s stark demands for 1.4 billion Chinese to ignore the global pandemic which may very well have been started by one of China’s own experimental labs…

… virtually all of China – and all those critical supply chains that keep companies across the globe humming and stocked with critical inventory – remain on lock down.

As confirmation, while we wait for an update from Morgan Stanley on the latest Chinese pollution data (at least until Beijing’s definition of “pollution” is also revised) here is JPMorgan showing that while traditionally daily coal consumption – the primary commodity used to keep China electrified – rebounds in the days following the Lunar New Year collapse when China hibernates for one week, this year there hasn’t been even a modest uptick higher, indicating that so far there hasn’t been even a modest uptick in output.

via China Has Ground To A Halt: “On The Ground” Indicators Confirm Worst-Case Scenario | Zero Hedge