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I know several people with connections to China, so I have been following this fairly closely.
Yeh, I have never trusted the Chinese government's numbers on anything. The CCP (Chinese Communist Party) will lie and then lie some more to not look bad on anything. This is also at the lowest levels of government, they don't want to give the higher ups bad news, so will lie also.
Sounds like at least part of the country (not counting Wuhan) is shut down for an additional week beyond the normal New Year. What % is shut down, I don't know. If it is a larger % and/or goes on for a while, it will have a large impact on the Chines economy, which will impact the world economy. Chinese supplies a lot of parts, and buys 'stuff'. Is China GM's largest profit center? Read that somewhere.
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Who, What, When, Where, Why and How.
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