China is shutting down

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Here are a few economic indicators from China:

Some of the charts showing movement of people and economic activity in China (or lack thereof) during the coronavirus outbreak are just stunning.

These via Nomura: pic.twitter.com/ubDYfVtbyu

— Tracy Alloway (@tracyalloway) February 25, 2020

Three of these charts compare the lunar new year in 2020 with the same period in 2019. Figure 23 is just a straight time series of car sales. There’s more here.