Complex Event Analysis - Report 2020/03/23

No momentum supporting factor found

(china, recovery)

(china, investors)

(china, global)

(china, coronavirus)

(china, chinese)

(china, growth)

(china, virus)

(china, victim)

(china, targets)

(china, rippling)

(china, chinese)

Time Period	Challenge	Momentum	WIP
Report 2020/03/23	97.10	0.00	2.90

"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
High Level Abstractions:

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
High Level Abstractions:

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 parts supplies," Miller said in an interview
High Level Abstractions:

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
High Level Abstractions:

You'll have an oversupply."
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
High Level Abstractions:

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 will be the biggest victim of the illness derived from the novel strain of coronavirus
High Level Abstractions:

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.
High Level Abstractions:

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 will be the biggest victim of the illness derived from the novel strain of coronavirus.
High Level Abstractions:

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
High Level Abstractions:

Target rule match count: 22.0 Challenge: 0.49 Momentum: 0.00 WIP: 0.01