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  • Coronavirus: China manufacturing economy bounces back strongly after lockdown

    From scmp.com

    China’s manufacturing engine bounced back strongly in March, recovering from a miserable January and February, when the country was effectively shut down due to coronavirus. The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second largest economy – was 52 in March, according to data released by the National Bureau of Statistics on Tuesday. This was up from an all-time low of 35.7 over the first two months of the year. A reading of 50 shows growth in the manufacturing economy, while the further below 50, the deeper the contraction. ... (full story)

Why do we trust any statistics that come out of China?
These numbers are highly suspect.
What??? Satellite imagery for weeks showing clear skies, aggressive slowdown, not that all smog means manufacturing, but wtf!
but why cant it pull down the USD?
Quoting Rufus
Why do we trust any statistics that come out of China?
Why do we trust anything at all? https://edition.cnn.com/2020/03/30/p...-30/index.html
Eur cad, gbp cad, eur aud, gbp aud, eur chf, gbp chf will be down cause market will be condusive, sell on higher price is good!!!!
Quoting realjumper
{quote} Why do we trust anything at all? https://edition.cnn.com/2020/03/30/p...-30/index.html
CNN? REALLY? I dont trust any news org. But CNN is full of shit. They are the greatest manipulators of them all!
Quoting Rufus
Why do we trust any statistics that come out of China?

Cause you never know V recession
Quoting Piptaker64
{quote} CNN? REALLY? I dont trust any news org. But CNN is full of shit. They are the greatest manipulators of them all!
Precisely my point!!!

Believe what you want to believe.....you can't trust any of them!
Please check out the charts as well, (do you know how to?) and ask what would you make it up to look like if you were in charge? Also the report explains the close correlation with the Caixin index of the same activity. Also look at the long time series across the board over a sensisble time period then we can sit down and have a sensible discussion.

Many observers here also commented on US data in the same ignorant manner whether Obama or Trump or anyone else. And to dampen down the force of the CCP in China it is better to open the dialogue. Trade wars play into the CCPs hands because they can blame foreigners interfering.
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Mmmmm do I trust anything coming out from usa? Well apart from it’s weather forecast.

Take everything with a pinch of salt, no need for stone casting when ones backyard is as bad as others.
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let us watch as things unfold
Hmmm.... lets see - at the end of the day manufactoring is restarting in China, how long after having shut down ina draconian way.

You may dispute the numbers coming out of China but the forecast for the USA is a lot worse than the Great Depression when there were at its height 20% unemployed (now projected as 32%).

Who will come out of this pandemic in a better condition? IMHO that will be the one that recovers the soonest and the quickest after the start. The US is still not having a concerted response and the ones in charge are just not up to the job (to say it politely).
Quoting Rufus
Why do we trust any statistics that come out of China?
Because Chinese knew China better than anyone else.. How can an outsider who had never been to China know anything about China except depend on US media distortion of anything about China like a readymade brainwashed freak. Chinese don't care what came out of US eg GDP, NFP, PMI etc.. Why do you bother..
If its your business to know about China, then make a visit to China. Then you will start knowing real China and not what you imagine..
Quoting mrlfx
{quote} Because Chinese knew China better than anyone else.. How can an outsider who had never been to China know anything about China except depend on US media distortion of anything about China like a readymade brainwashed freak. Chinese don't care what came out of US eg GDP, NFP, PMI etc.. Why do you bother.. If its your business to know about China, then make a visit to China. Then you will start knowing real China and not what you imagine..
Dat's rathist!
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Quoting Rufus
Why do we trust any statistics that come out of China?
Somebody has answered but I will repeat - why do we trust any statistics? Answer yourself why do you trust US statistics or European statistics?

The fact is that China managed to control covid quite well within 3 months. Other countries would love put the covid under control in 3 months but it looks more and more difficult or impossible for other countries.
in one phrase " this data is fake ", no one can trust in Chinese
Quoting Guest
{quote} ... The fact is that China managed to control covid quite well within 3 months. Other countries would love put the covid under control in 3 months but it looks more and more difficult or impossible for other countries.
Under control? - This has to be reassessed in maybe 3 months in all objectivity. Or you have to trust the chinese covid19 numbers.
I'm +/- 8 Years on FOREX and I see this discussion coming back every time over and over again.

The only data I trust is the PA on my charts and nothing else.

Why this stupid discussion? Watch the charts and follow that instead data nobody seems to trust
Agree with above comment .... Just trade the levels.. If it were as easy as going long on good news we would all be rich!.
Just another lie .. :

2015 ...

https://www.nature.com/articles/nm.3...HRbCUCBICcqyL0

Inserted Video
Quoting mrlfx
{quote} Because Chinese knew China better than anyone else.. How can an outsider who had never been to China know anything about China except depend on US media distortion of anything about China like a readymade brainwashed freak. Chinese don't care what came out of US eg GDP, NFP, PMI etc.. Why do you bother.. If its your business to know about China, then make a visit to China. Then you will start knowing real China and not what you imagine..
Didnt you know..
Its almost a qualification for posting on these threads, to know SFA about the subject.
How care about trusting them, better to focus on how it will effect the market
I really care less about their suspicious data. My only concern is the effects on the market
Trading is one thing - and a bit gabbling the other.
Eliminating all posts about doubtful thingies and the ad industry won't stop to cry
It just hasn't yet paid for what it has caused to all countries.

I haven't seen any incentives being sent to other countries from China ...
not to mention that in all crises ... she always took advantage of opportunism to buy everything she could
Quoting Mingary
Just another lie .. : 2015 ... https://www.nature.com/articles/nm.3...HRbCUCBICcqyL0 https://www.youtube.com/watch?v=xJ-P...ature=emb_logo
If you think posting a Youtube viseo and a scientific journal article proves something about Chinese government lying, you should state your proof. It is not helpful to imply things you do not know, or accuse people of lying.

Cross species transmission was being studied in other countries as well, for obvious reasons. The best guesses of the scientific establishment are that the disease originated in a "wet market". What exactly are you trying to say?
if you are a police officer you always try to find who take the benefits of a crime and you find the criminal , so why are you surprised ? China is know sure that Trum won't be the next president and they now come in Europe to help ...you can always offer condoms after having sex when you know that you were hiv positive ..
Quoting josch
{quote} Under control? - This has to be reassessed in maybe 3 months in all objectivity. Or you have to trust the chinese covid19 numbers.
cannot trust Chinese statistics sound more like a slogan than a logical thing.
China already lift the lockdown. Transportation are now allowed even in Wuhan. Factory are already 75-85% operational. That's why you need to travel to China to know China and not imagine things that crop up in your brain..
Quoting RossEdwards
{quote} Didnt you know.. Its almost a qualification for posting on these threads, to know SFA about the subject.
I have no idea what SFA means!
But i read and see things that are distorted about China and smearing and vilification is norms in US media.
Quoting mrlfx
{quote} cannot trust Chinese statistics sound more like a slogan than a logical thing. China already lift the lockdown. Transportation are now allowed even in Wuhan. Factory are already 75-85% operational. That's why you need to travel to China to know China and not imagine things that crop up in your brain..
Save your breadth matey, there are bound to be some ignorant people around us in this small planet we live in. Lets make what great again - is the usual slogan for those in dreamland.

Happy trading
Quoting NotBoris
{quote} Save your breadth matey, there are bound to be some ignorant people around us in this small planet we live in. Lets make what great again - is the usual slogan for those in dreamland. Happy trading
You sound much better and logical and not like those delusional brainwashed type... lol
Quoting smikester
{quote} If you think posting a Youtube viseo and a scientific journal article proves something about Chinese government lying, you should state your proof. It is not helpful to imply things you do not know, or accuse people of lying. Cross species transmission was being studied in other countries as well, for obvious reasons. The best guesses of the scientific establishment are that the disease originated in a "wet market". What exactly are you trying to say?
Diplomatically speaking, there was an "accident", followed by a cover up.
It means that chinese officials could have raised the alarm a lot sooner.
Diplomatically speaking, when the house is burning there is no need to antagonize any one who could help put out the fire..
What's a "wet market" ?
Quoting mrlfx
{quote} I have no idea what SFA means! But i read and see things that are distorted about China and smearing and vilification is norms in US media.
Yes, it's rather disappointing the US (i.e. D. Trump) had no hands in this debacle, isn'it ?
Check out chinese live web cams. What do you see?

Do you find a Wuhan or other big city road traffic webcam that is online? No?

You will easily find webcams in chinese national parks that are online, but the first 5 webcams I searched showing road traffic in important chinese cities are all offline? Skylines yes, but economic activity - No.

Check out real time webcams in New York, Pisa and all over the world to see how a lockdown looks like and if it's for real. I think still a lot of people all over the world are in denial about what is currently happening. Look at empty streets in big cities help to grasp the impact.
Quoting Mingary
{quote} Diplomatically speaking, there was an "accident", followed by a cover up. It means that chinese officials could have raised the alarm a lot sooner. Diplomatically speaking, when the house is burning there is no need to antagonize any one who could help put out the fire.. What's a "wet market" ?
If you don't know what a wet market is you don't know enough about the subject, or why it was researched, to make the claims you have made.
  • Post #40
  • Quote
  • Edited Apr 1, 2020 12:18am Mar 31, 2020 11:43pm | Edited Apr 1, 2020 12:18am
Quoting smikester
{quote} If you don't know what a wet market is you don't know enough about the subject, or why it was researched, to make the claims you have made.
Do you really think so? just because I was not familiar with some expression ? Then yes, I know what you call a wet market. Your argument is a bit "fishy" (: I know what you are referring.
But more to the point: you throw a straw man argument hoping that the matter is closed.
No so.
Now, how many centuries has there been "wet markets" in china ?
Quoting Mingary
{quote} Do you really think so? just because I was not familiar with some expression ? Then yes, I know what you call a wet market. Your argument is a bit "fishy" (: I know what you are referring. But more to the point: you throw a straw man argument hoping that the matter is closed. No so. Now, how many centuries has there been "wet markets" in china ?
Good, I'm pleased to get the opportunity to expose your ignorance. There have been wet markets for centuries. What there has not been for centuries is such high population, in particular population density, and mobility. So new diseases are going to occur more frequently, and transmit further and faster than ever before. We virtually eradicated smallpox, polio, diphtheria, measles and so on, now we have new ones to contend with.

They - scientists and politicians - are not sure where this originated. That does not make them all liars as you are postulating.

I've followed your posts here Mingary, you like to state your opinion. Nothing wrong with that per se, but I will pull you up if you are making a bad situation worse.
  • Post #42
  • Quote
  • Edited at 3:20am Apr 1, 2020 2:31am | Edited at 3:20am
Quoting smikester
{quote} Good, I'm pleased to get the opportunity to expose your ignorance. There have been wet markets for centuries. What there has not been for centuries is such high population, in particular population density, and mobility. So new diseases are going to occur more frequently, and transmit further and faster than ever before. We virtually eradicated smallpox, polio, diphtheria, measles and so on, now we have new ones to contend with. They - scientists and politicians - are not sure where this originated. That does not make them all liars as you...
Yes, that's the PC answer. It seems to me that Chinese scientists experimented with the SARS virus. They managed to modify it in order to understand it. but apparently did not manage to contain it very well..
I have no time to expose anyone's ignorance, it's just better to just state some facts. Can this scientific paper lead us to the conclusion that I have stated ?
An accident is more plausible to me than the wet market theory.
Quoting Mingary
{quote} Yes, that's the PC answer. It seems to me that Chinese scientists experimented with the SARS virus. They managed to modify it in order to understand it. but apparently did not manage to contain it very well.. I have no time to expose anyone's ignorance, it's just better to just state some facts. Can this scientific paper lead us to the conclusion that I have stated ? It's more plausible to me than the wet market theory.
No it's not the politically correct answer. It's the correct one and you know it. You are not stating facts. You are stating your opinion. I remember the controversy over the testing. They were experimenting because they were aware of the danger of this type of virus crossing over to human transmission.

Now you say they let it out of the laboratory. Where's your proof?

I love you Americans. You get people to make stuff cheap for you, Chinese, Mexicans, whoever.. Even fund dangerous research. Then when something goes wrong at home it's all their fault. You wear your racism and religious bigotry on your sleeve. Ugly. Just like us Brits.

Now, carry on with your rant about the Chinese being liars. I am no longer a party to it. Have a great day.
  • Post #44
  • Quote
  • Edited at 11:57pm Apr 1, 2020 3:47am | Edited at 11:57pm
Quoting smikester
{quote} No it's not the politically correct answer. It's the correct one and you know it. You are not stating facts. You are stating your opinion. I remember the controversy over the testing. They were experimenting because they were aware of the danger of this type of virus crossing over to human transmission. Now you say they let it out of the laboratory. Where's your proof? I love you Americans. You get people to make stuff cheap for you, Chinese, Mexicans, whoever.. Even fund dangerous research. Then when something goes wrong at home it's all...
Why are you making it political ?
Something is or is not.
==> "Even fund dangerous research" The US withdrew their funds from this research.
Seems that continuing along those lines would "expose your ignorance"
It's all being manipulated at the moment-at some point the Bear will take over
Quoting smikester
{quote} No it's not the politically correct answer. It's the correct one and you know it. You are not stating facts. You are stating your opinion. I remember the controversy over the testing. They were experimenting because they were aware of the danger of this type of virus crossing over to human transmission. Now you say they let it out of the laboratory. Where's your proof? I love you Americans. You get people to make stuff cheap for you, Chinese, Mexicans, whoever.. Even fund dangerous research. Then when something goes wrong at home it's all...
You better read these as clearly you are speculating without all the information.
An army biolab in Fort Detrick, Maryland dealing with coronavirus was shutdown in aug, 2019 because of compromised sterilization system.
https://www.nytimes.com/2019/08/05/h...biohazard.html

An armywoman, Maatja Benassi working in that lab is suspected to be patient zero. Her brother Ben Benassi was also the patient zero in Netherlands. Maatja probably was asymptomatic and went on to take part in Wuhan Military Games in Oct. There she probably infected 5 other american athletes who were hospitalized in Wuhan Hospital. They were showing malaria like symptoms viz violent shaking of body with high fever.
https://www.globaltimes.cn/content/1180549.shtml

I think those 5 athletes infected the hospital and the hotel where they were staying.

Also, Wuhan doesn't seem to be the ground zero but rather Fort Detrick as doctors in Italy, japan and other are claiming they see patients with similar symptoms as early as oct.
https://www.techtimes.com/articles/2...n-outbreak.htm
Quoting HudithePfupf
Check out chinese live web cams. What do you see? Do you find a Wuhan or other big city road traffic webcam that is online? No? You will easily find webcams in chinese national parks that are online, but the first 5 webcams I searched showing road traffic in important chinese cities are all offline? Skylines yes, but economic activity - No. Check out real time webcams in New York, Pisa and all over the world to see how a lockdown looks like and if it's for real. I think still a lot of people all over the world are in denial about what is currently...
Its more plausible web cams are shutdown instead of the cities.. listen to even CNN and you will see even Wuhan opening for business. Though its not back to normal like it was before the epidemic as people are still reluctant. But not lockdown either by authority.
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