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> Do you have a source for 80-90% collapse in China? That sounds way high I live in Shanghai. It normally takes about two weeks for things to go back to normal
by barry-cotter 7y ago
> Do you have a source for 80-90% collapse in China? That sounds way high
I live in Shanghai. It normally takes about two weeks for things to go back to normal after Lunar New Year ends, which was two months ago. Things are not yet back to normal. Maybe 30% of office workers are back at work, 50% maximum. Gyms, bars, restaurants are almost all still closed. The dental hospital is still closed. You can basically write off February and at least half of March for economic production.
- appleiigs 7y agoIf you write off 2 months out of 12 months, that's a 17% decrease.
- taiwanboy 7y agoI said China’s economy collapsed 80-90% in the LAST month
- onlyrealcuzzo 7y agoI think he was talking about the current situation, not the full year perspective. How is that any different than saying 2 months out of a decade is 1.7%??
- appleiigs 7y agoHe has no source. In another comment I pointed out the stock asian market only decreased 20% at the max.