Topic: China’s economy is contracting and this is not good for the global economy. - page 2. (Read 483 times)

Of course, you have not an iota of evidence to support your suspicion. After all, that is a suspicion that is far-fetched as it is absurd. It defies logic. You said that the Chinese are business-minded people. If that is so, and supposing they have the vaccine or the cure, they should not just be selling masks this time. That cure should sell much more easily and more expensive than those cheap masks and gloves. Also, selfishly keeping the cure within them is still a suicide to their economy. Their market is the world. And, most of all, China is still recording new infections until now. Whether they are imported or locally transmitted is not the point; the point is that for as long as the virus is present in other countries, they, too, are vulnerable.

I believe that you needlessly worry about the Chinese economy) The country has almost won the coronavirus pandemic. And its industry will soon be operating at full capacity. And given that other countries still have a long way to go before the end of the pandemic, China will now become the main supplier of industrial goods to all countries of the world.

The reason for the shrink in China economy is due to the shrink in its international or export trade. You know China is a manufacturing economy and many countries rely on China for one raw material or other.

So, China loosing these business due to covid-19 containment measures which closes exportation and importation is the cause of the decline of China economy.

The situation of global economy is not getting better with this happenings of corona. I hope that America recovers fast too as China has done so that we can start having some economic growth and the crypto turning to green again. The economy is going through crash and the business of cryptocurrency is crashing too.

We are living in an unprecedented time. As China was the first to suffer from the virus pandemic, it is logical to think that it is the first economy that it should recover. In addition to being an industrial power, work in big business has not yet returned to normality.

We all know that Chinese people are business-minded and they value money above all, because of that mindset, China really have a well-growth economy. This virus doesn't affect their economy that much because they are the no.1 supplier of products around the world and they are a large manpower because of they have the largest population around the world. The virus killed a lot of people from all around the world and it is really uncontrollable as its cases are still increasing, yet, the cases in China become stable and slowly increasing, I think that they already have the vaccine or cure but they don't tell other country because we want US to suffer more from this pandemic, We don't know, we have no evidence about that but it is so suspicious.

Good point. Honestly I wonder how well the service sector worldwide is going to recover from this. I'm afraid we'll see a lot of consolidation once this whole mess is over, with big companies strengthening their grip on the market as small business owners run out of reserves.



Definitely. While we're luckily not in an end-of-the-world scenario the unavoidable long-term impact doesn't seem to be priced in yet. Especially since a market bust has been long overdue for now, even without a pandemic going on.

We all know that China is really good at manipulating and maintaining the state of their economy, they are the most manufacturer of goods around the world and we can't deny that most of our products came from them. We can't deny that some of the countries rely on the economy of China that's why there are people who believe that China will dominate the economy after this Covid-19. I don't really know if this is a strategy of China because American and European country are suffering from the virus that originated from Wuhan, China and the economy of these two are really crashing. Like what I've said, this is the reality that China is a huge country and stable enough in terms of their economy.

See this is what people need to hear , unfortunately because of the virus being originated in China , it has created a lot of offense for the Chinese government , people are saying they are being benefitted or they have the vaccine and they are not giving it away , unfortunately economy of every single country is being infected.
With the Corona virus killing so much people and creating it harder for anything to work out , economy of even China is being affected and we all know how much China exports , everything that is Cheap or costly one way or the other , even the spare parts they come from the Chinese markets , so if they get into a bad situation then China will have to increase prices and inflation will cause other countries to be affected too .

I am sure not just China that will be recover, but the other country who gets the effect of coronavirus will try to recover, especially if the country has to get lockdown. They will try to solve some main problem first in their country, and after that, they will try to solve the problem with the outside of their country and will try to make sure it can work properly as before. Maybe that would need months to see it will fully recover, and maybe there will be a changed regarding the current situations because the recovery process will not bring them to the old conditions.

I think the Chinese economy contracted to below zero in Q1 is reasonable because since the end of December when the plague boomed until the lockdown opened at the end of March, the euphoria of the preparation of the Chinese New Year holiday which in fact failed due to covid-19 and the extension of the Chinese New Year has made the economy slow down and even die. Not only in China but throughout the world. The main cause comes when the coronavirus outbreak cripples production and spending and increases pressure on governments to do more to stop the increase in job losses.

It is difficult to realize the growth of the after pandemic effect, realistic economic growth targets must be made so that the government does not spend a lot of money on infrastructure investment policies, reduce unemployment or improve people's livelihoods in the short term, which in fact brings disaster to the economy.

It is not only China that will face the after pandemic challenge. China was lucky because it entered the pitstop first. Like a factory engine that is turned off when it will turn it on again requires effort and acceleration. After the pandemic effect ends in China, it is impossible for China's economy and manufacturing to run 100% immediately. The case of corona from outside (imported case) also made China afraid of the second wave of corona and made consumption and domestic demand far from normal.

I was able to contact some of my seafood buyers there and ask how was the condition there? They explained that there was indeed a lockdown in Hubei but in other cities, everything went as usual. Demand for crabs and lobsters that were previously stopped because Corona has begun to reopen and prices have begun to rise.

As long as the project is still running, China will be fine. Too big too fail for China with all its strategies and big ambitions not only for prestige in the global world but survival for the Chinese people whose numbers are jumbo. It is possible that the news of this contraction in the blow-up to improve the image of China in the international world that after bleeding China came out as a winner. The issue of contraction is used to create the dramatic effect of China's victory in drama from victim to global hero.

This is a matter of condemnation for the Chinese government. After this great pandemic with many doubts about the spread of viruses in China, many foreign investors withdrew capital from Chinese enterprises and invested in other countries. It seems that the Chinese government is aware of this and is trying to hide true data about people infected and coronary deaths. They are doing everything to make the data look nicer and entice foreign investors to keep their capital. A few hours ago I received a news in China about the government forced many factories to operate again without orders. And soon, people burned down many factories. I cannot cite the link because it is a foreign newspaper, but my words are true and China's economy will face many difficulties if it continues the persecution.

Let's not even mention the duration. Just a single month of shops closing down could bring about massive changes to the Chinese economy. There's also the expenses that the government has spent towards helping those involved in the quarantine/lockdown to survive. There's also another issue, China was pretty much the cause of the massive damages literally every country in the world has experienced. Just look at how much damage it has caused to US, Italy, etc. And China has no excuse here. China has suffered damages yes, but other countries have suffered more compared to China, and it isn't even their fault. Especially now with how countries are seeing the lifting of lockdowns in China. There'd probably be no change sin the next few weeks cause the other countries are trying to contain the damages, but after that, they'd probably want an answer from China.

Chinese economy is able to recover, but it will take some time. The world has never faced something like that pandemic before, so the economy repairing roadmap isn't clear yet.

The western economies(and all the other economies in the world) are going down.China exports goods to the rest of the world.If the global economy goes down,the Chinese export will go down,hence China's economy will lower it's growth.We still don't know about the second wave of coronavirus happening in China.Is there a second wave and how big it is?Will it cause another lockdown?
The Chinese authorities lied about the covid-19 damages,let's hope they won't lie again.

They will be the first to recover. I don't know if the news that I've heard and once read is true that most of the stocks on the EU and US have been bought by them during the dip. I can't support that claim because I'm not into those stocks.

Also, there's this issue that I've heard too that some of the foreign businesses that are operating in China probably in the manufacturing sector are pulling out their businesses there. And this might be one of the reasons behind that contraction.

How on earth could the Chinese economy remain strong despite this virus? You have to remember that this virus originated from China itself. It is where the first epicenter was. China was the first country where the virus killed a lot of people, caused lockdowns, closed shops, cancelled shipments of goods, and so on and so forth. If all these things wouldn't cripple China's economy, they must be gods. There is nothing stunning in the fact that China's economy is contracting in the face of this crisis.

The economy of China should remain strong otherwise this will affect the world economy because of the heavy dependent of the nations of the world for production. We should learn to decentralize production in China, should this kind of Pandemic happens again, the world will be on her kneels if production remains centralized.

I think 80% of the world are facing the economics crisis,but in China I don't think so if they face hard for thier econics..despite the corona virus attacked thier country still they are afford to send the donation for many country's..so I think thier economics are not down tooucb unlike other country

China's Q1 numbers are heavily due to the shutdowns themselves. The service sector was actually the hardest hit. https://www.reuters.com/article/us-china-economy-business/virus-had-eye-popping-impact-on-chinas-economy-beige-book-idUSKBN21A3R9

I expect the situation to continue deteriorating into Q2 due to the lack of export demand you mention.

Lots of people around here still seem to believe the Chinese government narrative about a miraculous V-shaped recovery in Q2. I'm very skeptical. In fact, I would say markets across the world are way too overconfident in a swift economic recovery. That goes for the US and Europe too.