Macroeconomic indicators remain depressed with the International Monetary Fund revising its China GDP growth downwards by 0.4% to 5.6% for 2020 as a result of the COVID-19 virus outbreak.
Braemar reports that Chinese firms have been caught in a “credit crunch” with mounting debts, meaning that many companies are unable to pay staff or suppliers as a result of the lockdown in many parts of China.
“The Chinese government has asked banks to offer more credit for an economy stunned as the virus...
https://container-news.com/minimal-sale-and-purchase-activity-a-reflection-of-depressed-market/