LIVE FROM HONG KONG: China in Horrible Situation as Coronavirus Spreads, Major Financial Issues Loom and Hong Kong Protests Kick Off Again

Sunday, February 9, 2020
By Paul Martin

by Joe Hoft
February 9, 2020

Live from Hong Kong

China is in a horrible position right now. The coronavirus is literally killing its people and its economy and the Hong Kong protests started up again.

The coronavirus is spreading with more people affected and more deaths. The tactics of local officials in China are leaking out and they are scary:

China is spreading some sort of chemical in the streets of Wuhan:

The death count is rising:

What’s not being shared is the financial impact the virus is having on China and Hong Kong.

In China there are many small shops where individuals run businesses and sales rely on street goers that walk in to these shops. These shops are now closed. The streets are empty.

China already has some major financial issues as we have shared for months. It’s GDP is half of the US’s GDP now. It’s banks face solvency issues and its localities have billions in off balance sheet assets that are underwater. China cannot afford this virus.

Now on top of that the Hong Kong protests are back.

China is in a crisis on many fronts. It’s really in a terrible state.

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