CHINA FACES FINANCIAL ARMAGEDDON COUNTDOWN - WORLD ECONOMY AT RISK

For the past two weeks, even as the market took delight in China's doctored and fabricated numbers showing the coronavirus spread was "slowing", we warned again and again that not only was this not the case (which recent data out of South Korea, Japan and now Italy has confirmed), but that for all its assertions to the contrary, China's workers simply refused to go back to work (even with FoxConn offering its workers extra bonuses just to return to the factory) and as a result the domestic economy had ground to a halt.

China's giant state-owned companies will likely have enough of a liquidity lifeblood to last them for 2-3 quarters, it is the country's small businesses that are facing a head on collision with an iceberg, over 85% of small businesses - which employ 80% of China's population - are expect to run out....

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China Faces Financial Armageddon Countdown - World Economy At Risk

China's giant state-owned companies will likely have enough of a liquidity lifeblood to last them for 2-3 quarters, it is the country's small businesses that are facing a head on collision with an iceberg, over 85% of small businesses - which employ 80% of China's population - are expect to run out....