Logical Analysis Report

Key Focus

  • "Gloom in Europe and the U.S. but growth in China. That will be very alluring. But it will be wrong."
    Specifically, Miller expects the Chinese government will report a "March recovery" and then data from then on "will shoot to the moon." That will help China appear to have met President Xi Jinping's growth targets.
    But investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said
  • In fact, if the U.S. and China find themselves locked in a Cold War, there may be political implications for American companies that continue to rely on Chinese supply chains.
    The question now may be: "How and to what degree are we going to unravel globalization." Miller said

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High Level Topics

  • CHINA
  • INVESTORS
  • CORONAVIRUS
  • MARKETS

    • High Level Abstractions

  • CHINA(6, 0 Order)
  • ( CHINA )(6, 0 Order)  top
  • ( CHINA, CHINESE )(2, 1st Order)  top
  • ( CHINA, RECOVERY )(2, 1st Order)  top
  • ( CHINA, INVESTORS )(2, 1st Order)  top
  • ( CHINA, GROWTH )(1, 1st Order)  top
  • ( CHINA, GLOBAL )(2, 1st Order)  top
  • ( CHINA, CORONAVIRUS )(2, 1st Order)  top
  • ( CHINA, VIRUS )(1, 1st Order)  top
  • ( CHINA, VICTIM )(1, 1st Order)  top
  • ( CHINA, THREAT )(1, 1st Order)  top
  • ( CHINA, TARGETS )(1, 1st Order)  top
  • ( CHINA, RIPPLING )(1, 1st Order)  top
  • ( CHINA, RE-OPENING )(1, 1st Order)  top
  • INVESTORS(3, 0 Order)
  • ( INVESTORS )(3, 0 Order)  top
  • CORONAVIRUS(2, 0 Order)
  • ( CORONAVIRUS )(2, 0 Order)  top
  • MARKETS(3, 0 Order)
  • ( MARKETS )(3, 0 Order)  top

    • References

    • ( CHINA )  top
    • ( CHINA, CHINESE )  top
    • (Read more)   top
      Specifically, Miller expects the Chinese government will report a "March recovery" and then data from then on "will shoot to the moon." That will help China appear to have met President Xi Jinping's growth targets.
      But...
    • (Read more)   topIn fact, if the U.S. and China find themselves locked in a Cold War, there may be political implications for American companies that continue to rely on Chinese supply chains.
      The question now may be: "How and to what degree are we going to unravel globalization." Miller said
    • ( CHINA, RECOVERY )  top
    • (Read more)   top
      Specifically, Miller expects the Chinese government will report a "March recovery" and then data from then on "will shoot to the moon." That will help China appear to have met President Xi Jinping's growth targets.
      But investors need to understand that the Chinese...
    • (Read more)   top It is also because of the way the virus is now rippling around the world. "The China recovery story is no longer just about domestic resilience, but also factors beyond Beijing's control," the report explained.
      "Chinese factories went down just when the world badly needed auto...
    • ( CHINA, INVESTORS )  top
    • (Read more)   top
      Miller thinks it is critical that investors understand how bad the downturn in China is so that they can read official reports with some healthy skepticism
    • (Read more)   top
      But investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said
    • ( CHINA, GROWTH )  top
    • (Read more)   top "Gloom in Europe and the U.S. but growth in China. That will be very alluring. But it will be wrong."
      Specifically, Miller expects the Chinese government will report a "March recovery" and then data from then on "will...
    • ( CHINA, GLOBAL )  top
    • (Read more)   top
      Now, the rest of the world is undergoing the sorts of severe restrictions that China went through weeks ago, Miller noted, and global mitigation efforts from the biological threat are expected to throw much of the globe into recession.
      See:A China skeptic takes a victory lap as unwanted steel floods the market
      What next
    • (Read more)   top
      But in the long term, Miller thinks, global interconnectedness will be the biggest victim of the illness derived from the novel strain of coronavirus
    • ( CHINA, CORONAVIRUS )  top
    • (Read more)   top
      But investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said.
    • (Read more)   top
      But in the long term, Miller thinks, global interconnectedness will be the biggest victim of the illness derived from the novel strain of coronavirus.
    • ( CHINA, VIRUS )  top
    • (Read more)   top It is also because of the way the virus is now rippling around the world. "The China recovery story is no longer just about domestic resilience, but also factors beyond Beijing's control," the report explained.
      "Chinese...
    • ( CHINA, VICTIM )  top
    • (Read more)   top
      But in the long term, Miller thinks, global interconnectedness will be the biggest victim of the illness derived from the novel strain of coronavirus.
    • ( CHINA, THREAT )  top
    • (Read more)   top
      Now, the rest of the world is undergoing the sorts of severe restrictions that China went through weeks ago, Miller noted, and global mitigation efforts from the biological threat are expected to throw much of the globe into recession.
      See:A China skeptic takes a victory lap as unwanted steel floods the market
      What next
    • ( CHINA, TARGETS )  top
    • (Read more)   top ... expects the Chinese government will report a "March recovery" and then data from then on "will shoot to the moon." That will help China appear to have met President Xi Jinping's growth targets.
      But       investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said
    • ( CHINA, RIPPLING )  top
    • (Read more)   top It is also because of the way the virus is now rippling around the world. "The China recovery story is no longer just about domestic resilience, but also factors beyond Beijing's control," the report explained.
      "Chinese factories went...
    • ( CHINA, RE-OPENING )  top
    • (Read more)   top As CBB's report puts it, "results continued to deteriorate even into mid-March when most firms were re-opening and supposedly 'back to work'."
      Miller thinks it is critical that investors understand how bad the downturn in China is so that they can read official reports with some healthy skepticism
    • ( INVESTORS )  top
    • (Read more)   top No, China's economy hasn't gotten better. The implications could be more serious than investors realize. Published: March 23, 2020 at 6:00 p.m. ET By Andrea Riquier 'There's going to be mixed signals sent to markets,'says Leland Miller Just how bad is...
    • (Read more)   top As CBB's report puts it, "results continued to deteriorate even into mid-March when most firms were re-opening and supposedly 'back to work'." Miller thinks it is critical that investors understand how bad the downturn in China is so that they can read official reports with some healthy skepticism
    • (Read more)   top ... government will report a "March recovery" and then data from then on "will shoot to the moon." That will help China appear to have met President Xi Jinping's growth targets. But investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said
    • ( CORONAVIRUS )  top
    • (Read more)   top ... have met President Xi Jinping's growth targets. But investors need to understand that the Chinese economy hasn't just fallen off a cliff because it was the epicenter of the blow from the coronavirus, Miller said. It is also because of the way the virus is now rippling around the world. "The China recovery story is no longer just about domestic resilience, but also factors beyond Beijing's...
    • (Read more)   top ... gluts a major pillar of its negotiations with China. But in the long term, Miller thinks, global interconnectedness will be the biggest victim of the illness derived from the novel strain of coronavirus. Firms have spent years thinking about rerouting supply chains away from China. And between the trade war throughout 2019 and the coronavirus now, "this might finally be the point where people say,...
    • ( MARKETS )  top
    • (Read more)   top The implications could be more serious than investors realize. Published: March 23, 2020 at 6:00 p.m. ET By Andrea Riquier 'There's going to be mixed signals sent to markets,'says Leland Miller Just how bad is the economic situation in China. In late February, MarketWatch interviewed Leland Miller, CEO of the China Beige Book, who warned that economic deterioration...
    • (Read more)   top ... thinks it is critical that investors understand how bad the downturn in China is so that they can read official reports with some healthy skepticism. "There's going to be mixed signals sent to markets," he said. "Gloom in Europe and the U.S. but growth in China. That will be very alluring
    • (Read more)   top ... globe into recession. See:A China skeptic takes a victory lap as unwanted steel floods the market What next. In the short term, that oversupply could lead not just to destabilized global markets but to more trade tensions. President Donald Trump's administration made supply gluts a major pillar of its negotiations with China. But in the long term, Miller thinks, global interconnectedness...