4 ms·
>That doesn't mean anything in itself. The market is much more efficient and communication is faster now >If no government actions were taken Points taken, bu
by twomoretime 7y ago
>That doesn't mean anything in itself. The market is much more efficient and communication is faster now
>If no government actions were taken
Points taken, but as for the rest, I think you're underestimating the scale and ripple effects of shutting down an economy built around consumption. And your optimism also seems to assume that the market was healthy before all of this kicked off. That's where our perspectives differ. Airline industry, auto industry, tourism, consumer goods and especially electronics, what proportion of the economy do those sectors alone represent?
>Fun fact: The Chinese stock market only fell about 10% during the lockdown.
Considering that China has only tightened it's red curtain and the propaganda machine is at full steam, I'm not so sure we can trust any positive news out of China. Especially considering the regulated semi-private nature of the Chinese Economy. Face is everything to an authoritarian government - without the appearance of strength and/or competence, opressed peoples revolt. This is why authoritarian states tend to have work camps.