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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

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Monday, April 27, 2020

China's Lack Of COVID-19 Transparency Is Stunning

* See IMPORTANT UPDATES below...

It's been six months since China was aware of the COVID-19 outbreak in Wuhan. The WHO finally declared the virus outbreak a pandemic on March 11...four months later and well after it had spread rapidly around the world, inasmuch as China did not immediately shut down travel from Wuhan to the rest of the world when it quarantined and cut off travel from that area to the rest of China.

To date, little information has been disseminated from China to the rest of the world surrounding its origins, epidemiology, its symptoms, its effects, how it spread, etc.

Instead, from the dozens of reports emanating from western countries during this time period, it appears that China quickly cornered the markets on N95 masks and scooped up over 2 billion of them from other countries and, subsequently, shipped millions of faulty masks and equipment all around the world, and even sent empty planes back to countries after having agreed to fulfil those orders, when they were urgently needed.

A couple of those reports are shown below...with more live updates here.

Source: ZeroHedge.com


Source: Twitter

Furthermore, China also threatened to announce strategic control measures over medical products and ban exports of its drugs, as I reported in my post of March 9...an excerpt is shown below.


To date, there have been 3,029,452 confirmed cases of COVID-19 world-wide and 210,374 deaths, as shown on the CSSE map below.


A gross lack of transparency is a form of passive aggression and is the equivalent of wilful negligence or destruction.

Does it not seem logical that the longer the Chinese Communist Party (CCP) and their leader refuse to share full and truthful data and information, as well as provide access to the lab(s) and records in Wuhan, the more wilful negligence/destruction they will cause world-wide?

At some point, they will be held accountable.

President Trump was asked about restitution from China in today's White House COVID-19 press briefing...his response is here.

Source: Twitter

In the meantime, which foreign investors are willing to buy into China's Shanghai Index (SSEC) to further prop up the CCP regime?



* UPDATE May 4...

This detailed article provides a summary of information and timelines contained in a 15-page dossier prepared by Western governments on the COVID-19 contagion in China.

Part of its introduction includes the following statement, "The 15-page document, obtained by The Saturday Telegraph, lays the foundation for the case of negligence being mounted against China."

No doubt, there will be more reports in due course, as further investigations dig deeper into all aspects of this tragedy. We'll see if the Chinese leadership is eventually held to account for this global disaster.


* UPDATE May 7...

Source: Twitter

Source: Twitter

* UPDATE May 8...

Source: WSJ.com