-
No, China’s economy hasn’t gotten better. The implications could be more serious than investors realize
Just how bad is the economic situation in China? In late February, MarketWatch interviewed Leland Miller, CEO of the China Beige Book, who warned that economic deterioration caused by the novel coronavirus was, as we put it, “worse than you think.” On Monday, Miller’s firm released a fresh report that confirms that earlier view. His takeaway now: for investors, the notion of “worse than you think” only tells part of the story. With more firms reporting in for the final first-quarter tally, Miller said, results are worse, even as parts of the country unwind government restrictions on movement and travel ... (full story)