China Next to Print Negative GDP?

The Sounding Line: Leland Miller: China Q2 GDP Could be Negative. Data Looks “Grizzly”

The number for first quarter GDP beat expectations and I think people got complacent based on that, but the Q1 number didn’t include really any of the lockdown… April is a disaster. Half the country is shut down. Things are looking bad. If they can get the lockdowns over by early May then we won’t be talking about this. But if were still talking about this two, three, four weeks from now… you’re looking at zero percent or contracting growth for the second quarter. Will they announce that? We don’t know, but we are looking at pretty grizzly data for the second quarter.