China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero

There is a very high probability that China’s GDP in Q1 will not only flatline, but crater deep in the red for one simple reason: there is no economic activity taking place whatsoever.

Easy Money

In our ongoing attempts to glean some objective insight into what is actually happening “on the ground” in the notoriously opaque China, whose economy has been hammered by the Coronavirus epidemic, yesterday ZeroHedge showed several “alternative” economic indicators such as real-time measurements of air pollution (a proxy for industrial output), daily coal consumption (a proxy for electricity usage and manufacturing) and traffic congestion levels (a proxy for commerce and mobility), before concluding that China’s economy appears to have ground to a halt.

That conclusion was cemented after looking at some other real-time charts which suggest that there is a very high probability that China’s GDP in Q1 will not only flatline, but crater deep in the red for one simple reason: there is no economic activity taking place whatsoever.

We start with China’s infrastructure and fixed asset investment, which until recently accounted for the bulk of Chinese GDP. As…

View original post 405 more words

12 thoughts on “China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero

  1. It’s interesting to see the whole world’s reaction to this mysterious, apparently new version of coronavirus. The more I hear and read about what’s happening, the more I suspect this is a media-generated pseudo-crisis and economic hit on China. It’s giving the Chinese and US governments–to name two–excuses to clamp down on the borders and to harass travelers, citizens, and non-citizens for no good reason.

    It sounds as though the symptoms are often mild to non-existent. All these academic mucky-mucks are saying the asymptomatic people are the truly dangerous carriers.

    Well, I contend coronavirus has been around a long time, may be natural flora, like rhinovirus, only becoming pathological in those with low resistance, like poor general health or bad nutrition. Maybe, as some people claim, this strain is a new bio-engineered weapon, but I suspect the so-called “epidemic” is over-rated, not that severe, and will blow over as soon as the next “world crisis” surfaces to grab media and government attention.

    Liked by 2 people

    • Quote: “The more I hear and read about what’s happening, the more I suspect this is a media-generated pseudo-crisis and economic hit on China.” I agree. But the “economic hit” may be a ploy on the part of the Chinese industrial complex to create a world-wide economic crisis, or the solid pretense of one to gain more international clout at the expense of an economically dependent US and Europe. China may be playing the empire game by rules the military bullies of dying European empires no longer can understand. To date, the US and their European allies have relied heavily on the terror of bombs and boots on the ground to force their will on mostly Third World nations. It seems obvious China also seeks imperial economic dominance, but by playing a typical Chinese game of calculated high powered chess; when they get a pawn to the 8th rank and get a new queen… so to speak. That would be playing the nuclear angle.

      Liked by 3 people

      • Sha’Tara,
        You think China is flexing its muscle? It seems throughout history, China has tried to remain self-contained. The Brits had to force it open to Western trade, with the Opium Wars. Same with Japan and US Admiral Perry.

        True that China is investing in places like Africa and South America, but one source I read says it is backing up its investments with people who get involved in the communities they immigrate to, unlike other foreign investors who only send money and military.

        I guess we’ll see how it all plays out–or maybe not. Trends move slowly.

        Liked by 2 people

    • I imagine it will take a few months for the story to play out, Katherine. Meanwhile it’s a good lesson in the need for deglobalization and the need for local economies to become resilient and self-reliant – especially in food production. In a way, it’s like a a dry run for catastrophic climate

      Liked by 2 people

  2. It is interesting to Tubularsock that THE ONLY WAY we’ll ever all work together on this earth is if a major external enemy threatened attack.

    It appears to be “the human condition” for some reason.

    And all the thoughts and theories posted here are incredibly insightful and may even be correct in truth.

    But …….. they are exhausting when compared with working together for the common good. How simple yet near impossible.

    Tubularsock is off for a bottle of sake!

    Like

    • Quote: “t is interesting to Tubularsock that THE ONLY WAY we’ll ever all work together on this earth is if a major external enemy threatened attack.” An alternative and counter would be if the species, should its programming break down, chose to become compassionate and could no longer conceive of an enemy.

      Liked by 1 person

        • OK, let’s get flossofical for a minute: I said should the programming break down. Why must we immediately assume there has to be a new, or replacement programming? Why couldn’t an intelligent, sentient, self aware person not be able to proceed naturally and normally on her own without a source manual or code book to tell her what she should think, believe, say and do? Earthians have always been programmed and are incapable of functioning without it because they aren’t even aware they are wired to think, talk and act a certain way according to some design they are blocked from perceiving. People go to church, people vote, people go to war, people work for bosses, people consume as much as they can as they can afford to or go into debt for, people seek out the mass hypnosis of organized sports and other brain dead entertainment never stopping long enough to do the simplest introspection and ask… ‘Hey, wait, what’s my purpose in all of this? What am I doing this shit for? What’s in it for me and those I care for in the end? Who really benefits from all this?’ and discovering to her great chagrin, never herself but only those who exploit, use, abuse and grind her down into the dirt. Take away the programming, the official collective blindfold and all the madness comes to an end because it would instantly be seen for what it is: rank insanity, stupidity, ignorance and the death of a world from inevitable entropy.

          Like

    • Well DrB. there is a couple of issues we must take care of before we (earth) can implement Tubularsock’s COSMIC GRAND SCHEME (CGS in government speak).

      The first is that we have to find ANY space being civilization that would be willing to take an aggressive stance toward earth.

      Any knowledgeable space civilization has little interest in “The Planet Of The Remedials” (TPOTR in government speak).

      Just to explain just how difficult it is, years ago, Tubularsock put out a overly huge sign facing toward the galactic order that read ………. HELP WANTED, INQUIRE WITHIN.

      All that was received according to scientists in that field (that being the field that they were in with the huge sign as well as their field of expertise) was some faint radio signals that when decoded by some Native American code talkers, left over from WWI, was something to a kin to “are you kidding” or close to that because the scientists were not well versed in the Cherokee language.

      Besides finding a “taker” to the offer explained above the second smaller issue is that the payment option you are requesting has been stymied by the lack of agreement between the earth’s nation states as to which currency will be accepted as the “real deal”.

      And this is currently in “play” in the middle of the petrodollar warfare activities.So it just may take awhile to straighten this out until your payment can be accepted. Tubularsock will keep you posted!

      Liked by 1 person

Leave a Reply to Sha'Tara Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.