China Industrial Profits YTD for February has fallen the most on record

Down 38.3% y/y. Yikes

China’s economy more or less shut down after the lunar new year holiday – poor data is no surprise bu7t no-one really had a handle on how bad it would be. 

You can see why leaders of other countries are worried about shutting down their economies. Whether or not you agree with them you can see what concerns them. 


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