1ClassyLady 68F
3120 posts
2/20/2020 2:17 pm
Analysts are cutting China GDP forecasts amid coronavirus outbreak

Some analysts and economists are downgrading China’s GDP growth forecast for 2020 as the coronavirus outbreak hits the world’s second largest economy.
Economic activity in many cities halted as factories closed for week-long Lunar New Year holidays. The break was extended in some places — a move that will hit global supply chains.
Meanwhile, the service sector has also been hit as people are encouraged to stay at home.

ANZ: Maintain at 5.8%

Citi: Downgrades from 5.8% to 5.5%

Economist Intelligence Unit: Downgrades from 5.9% to 4.9-5.4%

Macquarie: Downgrades from 5.9% to 5.6%

Mizuho: Downgrades from 5.9% to 5.6%

Moody’s: Maintains at 5.8%

Natixis: Downgrades from 5.7% to 5.5%

Nomura: ‘Significantly lower’ than 6.1%

Richard Bernstein Advisors: Fears will ‘knock stuffing out’ of growth

Vanguard: Maintains at 5.8%

UBS: Downgrades from 6% to 5.5%

Photo 2: Coronavirus: A Chinese woman eats a whole bat in disturbing footage

Photo 3: "Five Suns" appear in China's inner Mongolia

Photo 4 and 5: Coronavirus patients sudden collapse on streets and died. Those patients didn't count in death toll as they were not "confirmed Coronavirus". Their bodies will be cremated without a record.








Honesty is the best policy.


1ClassyLady 68F
3289 posts
2/22/2020 11:43 pm

What a shame that young and beautiful girl in photo 2 eating a whole bat that show on a video. She kept shouting "stinky, very stinky smell", but she did eat the whole bat. Yikes!!



Honesty is the best policy.


1ClassyLady 68F
3289 posts
2/20/2020 4:06 pm

I am selling my stock holdings. There are too many bad news from Coronavirus outbreak. Xi wanted the factories to open but the factories are afraid of spreading virus and some workers are in lockdown area and couldn't come to work. The Coronavirus has spread to 29 countries, more than 2,121 people died and over 10 thousand confirmed cases. The actual death toll won't be known as those people didn't do test to confirm as Coronavirus. In China, they are running out of masks, gloves, test agents, even the bags to put in the corpses. The food prices are sky-high and people have been lock inside their houses for quarantine.

The China first quarter GDP growth that ended March 31, 20/20 will be under scrutiny. I have heard an analyst predicted China GDP growth could be zero or 1 percent as many businesses can't reopen because the fear of Coronavirus spreading.

Trump Administration wants to send many scholars to China to investigate how the Coronavirus started, but China has denied the request many times. Secretary of State Mike Pompeo announced the U.S. would spend up to $100 million to assist China and other countries hit by the coronavirus. Donald Trump signals 'very big" trade deal with India. India has large population that 2nd to China. India was a colony country to England that speak good English and smart in computer and cheap in labor wage. This is a bad news for China.



Honesty is the best policy.


1ClassyLady 68F
3289 posts
2/20/2020 3:06 pm

I watch CNBC daily when stock market is running. There are many analysts and Federal Reserve Commission board members are closely watching China's Coronavirus outbreak that influenced China and global economies. U.S. stock market at all-time high, while China still lockdown many cities and towns and China streets are empty. Chinese government sent out PLA (People's Liberation Army ) 中国人民解放军 to streets hitting Wuhan people who didn't wear masks, or escaped from the lockdown houses. Wuhan Hospital director (doctor) died few days ago. Many people suddenly collapsed on streets and died. People dig a hole on the wall to escape from "cabin hospital". There are five Suns in the sky in Mongolia. The Wuhan air full of Sulfa Dioxide that from cremation factories. So many strange phenomenon. Wuhan citizen risk their lives to post video asking for help, but their videos have been removed (no freedom of speech ). Chinese police went into people's house to drag people to "cabin hospital", one woman fell down from 7th floor and died. Wuhan people have to use VPN (virtual private network) to get messages out of China.



Honesty is the best policy.