Southern China has been slammed with snow this week and is causing chaos across the entire country. 200 million people travel across China to their hometowns for Chinese New Year (lunar). That’s a lot of people and most of them travel via train. Well, there are cancellations all over the place. It’s not easy in the first place to get tickets – they change the rules every year… wait 10 days before the holiday, 5 days before, etc… otherwise, you pay a lot more for the tickets.
Compare this to travel delays during Thanksgiving in the US – 10X.
Meanwhile, I’m sweating here in Singapore – it’s humid as hell here. Oddly enough, I’m looking forward to get back to Beijing Thursday night (just hope Beijing doesn’t get slammed with snow before then!)
Did Beijing get whacked or was this the southern half of the country. Guess I am feeling smart postponing my trip originally scheduled for this week
dc
Beijing hasn’t gotten anything yet – just southern half. I think Beijing is expected to get some before the weekend though.
This is news in NY , commodities rallying, output disrupted and the bullhorn is trying. Don’t… buy… the… silk.