China’s second corona wave can it crush it’s economy?

Reatim

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Quote from: silversurfer1958 on May 07, 2020, 07:31:12 PM

I think the second wave of China's COVID-19 epidemic came from foreign tourists. Therefore, they can easily control the source of this disease. At present, China is starting to open its economy. But because China has not done a good job of preventing the disease from escaping from the world, it has received waves of anger from the US and Europe. President Trump has plans to withdraw U.S. factories from China to other countries. This will seriously hurt the Chinese economy.

How can Foreigners bring Covid19 virus to the place where this came from?i believe this comes from thos Chinese that lives in remote places or another start comes from wild animals because they are rare/exotic animal eaters.

And for me?sad to say that if they do not stop eating those kind of meat the chance of this virus stays will always there and won’t be cured at any chances.

But anyway Chinese can face this and will fight to stop the spread again as what they did in the first wave.

exstasie

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This seems relevant. The senior medical adviser behind the January lockdown of Wuhan is warning about low immunity and the threat of a second wave in China: https://amp.cnn.com/cnn/2020/05/16/asia/zhong-nanshan-coronavirus-intl-hnk/index.html

The government has been playing whack-a-mole, instituting local lockdowns wherever new clusters pop up, including a district in Wuhan last week. If the lockdowns become province-wide like earlier in the year, it's going to get ugly for the economy.

Jorge158

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Quote from: Juggy777 on April 14, 2020, 12:40:41 AM

Just when we thought that China had banished corona from it’s land suddenly new cases began to pop up at record pace, and now the health experts believe that it could be a second potential wave of Coronavirus in China. At this stage China will once again be forced to go into lockdown, and do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?.

Source:

https://www.dailystar.co.uk/news/latest-news/china-coronavirus-cases-hit-highest-21857013

If this new wave persist for long time and China undergoes a total lockdown, apparently this will have a major negative impact on the economy of China. Companies, businesses, firms etc will be closed, production rate will reduced, foreign exchange will go down and the cumulative effect of all these will have a detrimental effect on China's economy.

CHENIEN

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there is a possibility that it may happen and the economy of the whole world is in danger but we can't really control the destiny we can do nothing but take. but someone is already planning for since almost all countries were in control and remained in General Economic Quarantine so meaning globally knows on how to fight for another pandemic IMPACT which is similar in China and particularly in the US, therefore, this second waving of coronavirus will become easier with the help of our government so we have a way to overcome it closely in fact now is the time for us to prove our strength in this trial.in connection with almost every country's aid, so we have hope for a new life.

tbterryboy

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Quote from: silversurfer1958 on May 07, 2020, 07:31:12 PM

I think the second wave of China's COVID-19 epidemic came from foreign tourists. Therefore, they can easily control the source of this disease. At present, China is starting to open its economy. But because China has not done a good job of preventing the disease from escaping from the world, it has received waves of anger from the US and Europe. President Trump has plans to withdraw U.S. factories from China to other countries. This will seriously hurt the Chinese economy.

If they were able to handle the first breakout, they will also be able to handle the next breakout in their country. And moreover, China still has a really strong market. They have been making huge sales of health materials such as ventilators, face masks, tests and a lot more.

Ever since this Coronavirus outbreak I have been seeing a lot of news on countries making huge orders from sellers in China and it's really a huge amount of money. So, the way I see it their economy might still be growing at this time. That shows the importance of a country having a strong production. If other countries are producing these things by themselves they wouldn't have to bother much.

South Park

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Quote from: silversurfer1958 on May 07, 2020, 07:31:12 PM

I think the second wave of China's COVID-19 epidemic came from foreign tourists. Therefore, they can easily control the source of this disease. At present, China is starting to open its economy. But because China has not done a good job of preventing the disease from escaping from the world, it has received waves of anger from the US and Europe. President Trump has plans to withdraw U.S. factories from China to other countries. This will seriously hurt the Chinese economy.

I think the United States is not going to be the only country to try to do something like that, governments around the world are realizing that in the case of a crisis they do not have the industrial power to turns things around really quickly and to produce the items they need to combat the crisis, but China does and for the most part this is because countries around the world have literally given away that sector to China for free and most likely they will reconsider their position after this.

silversurfer1958

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I think the second wave of China's COVID-19 epidemic came from foreign tourists. Therefore, they can easily control the source of this disease. At present, China is starting to open its economy. But because China has not done a good job of preventing the disease from escaping from the world, it has received waves of anger from the US and Europe. President Trump has plans to withdraw U.S. factories from China to other countries. This will seriously hurt the Chinese economy.

panganib999

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Quote from: Juggy777 on April 14, 2020, 12:40:41 AM

Just when we thought that China had banished corona from it’s land suddenly new cases began to pop up at record pace, and now the health experts believe that it could be a second potential wave of Coronavirus in China. At this stage China will once again be forced to go into lockdown, and do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?.

Source:

https://www.dailystar.co.uk/news/latest-news/china-coronavirus-cases-hit-highest-21857013

I think China can still manage to bounce back their economy once again if ever the threat of the second wave of Coronavirus will sprout. But admit it or not, the second wave will be alarming since there is still no cure or vaccine for the said pandemic so it will be a big threat once again if there will be no actions done to control the spread of the virus. May this second wave be contained only at China so that no nearby countries will be affected once again like Philippines who is already struggling because of the declination of their economic status because of the pandemic which brings economic crisis due to temporary closure of industries that create jobs for people to be able to have a production of goods and services. No doubt a big country like China can be able to recover that fast but how about the nearby countries that have difficulties on managing their resources once the virus spread out and we still do not have any cure for it.

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Quote from: pragna on May 04, 2020, 12:28:31 PM

Quote from: Juggy777 on April 14, 2020, 12:40:41 AM

Just when we thought that China had banished corona from it’s land suddenly new cases began to pop up at record pace, and now the health experts believe that it could be a second potential wave of Coronavirus in China. At this stage China will once again be forced to go into lockdown, and do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?.

Source:

https://www.dailystar.co.uk/news/latest-news/china-coronavirus-cases-hit-highest-21857013

I think 2nd weave can not play a big impact in economy because in the mean time they discover vaccine and other country's also trying to discover medicine and vaccine so not only in China but also it will not play digester in any county of the world in near future. I think after 2/3 months it will be time to recover previous days and economy.

See, its true that 2nd waves can't play any big impact in their economy, but there don't have connection with vaccine, because vaccine can help them to recover from it rapidly, but for recovering their economy they will have to act internationally and for that most countries that they were used to do their main business or export, they should be open for them.

ecnalubma

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Since we can't conclude the damage of Pandemic's first wave its hard to conclude the damage for the next if there is but potentially it could be worst. I doubt Chinese government will disclose any information about the damage of this pandemic to their economy, definitely they will just coverup and filter all the informations that coming out from chinese medias.

South Park

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Quote from: Febo on May 02, 2020, 09:31:55 AM

I saw GDP growth predictions yesterday and China had 1.2% growth fro 2020. What is quite nice. Most countries will have 5% drop of GDP in 2020. Some countries that highly depend on tourism even 10%. So I would not be so worried for China. But extremely worried for touristic countries. Even in 2021 people will be cautious with travelling.

If that is true then those numbers are not so bad, any country that is able to grow their economy in 2020 despite the adverse circumstances we are facing is doing great, because as you say the majority of the countries are going to suffer a significant drop in their GDP and this is going to be even more true if there is a second wave of the coronavirus during the winter of this year, I hope that by that time we are better prepared to face the coronavirus and the effects that it may have.

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They make decisions too quickly, when there are still many other countries that get new cases every day from the spread of Covid-19, but China ends the lockdown and of course it could be a mistake for their own economy, but even so far they can still handle it well. I and maybe most people just hope that this pandemic will end quickly, and always remain cautious and keep a distance even though the government has decided to end the lockdown because this virus cannot be ascertained whether it has really disappeared or not.

ololajulo

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The disease had broken out for several weeks before the news was revealed and for several weeks there is no update of the situation in china, so we may not get to know. Although wuhan is open and no case of disease is out for several week but there are still questions on the quick recovery. There are fewer chances of diseases outbreak after vaccine had been released.

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Quote from: exstasie on May 06, 2020, 02:34:54 PM

Quote from: BrewMaster on May 06, 2020, 12:39:47 PM

it is funny how the media, which is basically the western media that we see, has been running a big propaganda campaign against China for a long time and they intensified it all over the past months that the Corona Virus has been spread globally.

the interesting part is that Chinese economy probably took the least amount of damaged in comparison with other countries economy.

That's just Chinese government propaganda. All the government numbers are fake. They also banned short selling in February to protect the stock market.

The true effects on the Chinese economy have probably been worse than in the West. Half a million companies closed permanently in Q1 and it is estimated that over 200 million workers have lost their jobs. China has engaged in virtually no economic stimulus. Meanwhile since their economic model is heavily export-based, any hopes for recovery are dependent on economic recoveries in the US and Europe.

This miraculous (fake) Chinese recovery is about as real as the V-shaped recovery the White House expects in Q3. Both are just a bunch of government propaganda to deflect blame and keep people optimistic.

I really agree with you...
I am very sure that the data that emerged from the Chinese government is false, making public optimistic is indeed needed to suppress panic but their propaganda is one of their art of war since ancient times. I do not hate their race it's just that I do not like the cunning and lies that they continue to show.

exstasie

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Quote from: BrewMaster on May 06, 2020, 12:39:47 PM

it is funny how the media, which is basically the western media that we see, has been running a big propaganda campaign against China for a long time and they intensified it all over the past months that the Corona Virus has been spread globally.

the interesting part is that Chinese economy probably took the least amount of damaged in comparison with other countries economy.

That's just Chinese government propaganda. All the government numbers are fake. They also banned short selling in February to protect the stock market.

The true effects on the Chinese economy have probably been worse than in the West. Half a million companies closed permanently in Q1 and it is estimated that over 200 million workers have lost their jobs. China has engaged in virtually no economic stimulus. Meanwhile since their economic model is heavily export-based, any hopes for recovery are dependent on economic recoveries in the US and Europe.

This miraculous (fake) Chinese recovery is about as real as the V-shaped recovery the White House expects in Q3. Both are just a bunch of government propaganda to deflect blame and keep people optimistic.

BrewMaster

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it is funny how the media, which is basically the western media that we see, has been running a big propaganda campaign against China for a long time and they intensified it all over the past months that the Corona Virus has been spread globally.

the interesting part is that Chinese economy probably took the least amount of damaged in comparison with other countries economy. for instance i remember the first week of the pandemic when Chinese borders were closed and virus reports in other countries had not yet come out the US companies started losing millions of dollars....

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Quote from: Vishnu.Reang on May 06, 2020, 12:08:03 PM

A few months back, other nations were making fun of China, and some of the experts were claiming that the Chinese economy, as well as the government would collapse. And now, the Chinese economy is back on track and running smoothly. But many of the other nations are witnessing their economy slipping towards a never ending recession. And the worst part is that we are yet to witness the pandemic peaking in these nations.

China can now be said to be able to overcome the epidemic with the economy continuing to grow, even now the bad news about China is almost non-existent. I don't know if this was indeed not published.
But from several other countries pointing out that from this pendemic China was the one who started the virus. The virus spread and experts said it could be in the industrial war world but I don't know for sure whether this was indeed man-made or indeed accidental.
But certainly at this time China is able to produce again as before.

Vishnu.Reang

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A few months back, other nations were making fun of China, and some of the experts were claiming that the Chinese economy, as well as the government would collapse. And now, the Chinese economy is back on track and running smoothly. But many of the other nations are witnessing their economy slipping towards a never ending recession. And the worst part is that we are yet to witness the pandemic peaking in these nations.

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Quote from: Snappycoco on May 06, 2020, 11:43:26 AM

No. I do believe they already have the cure to this virus. They were treating their own and not having a single care to other nations. It is secretly processed in their Chinese owned hospitals anywhere in the world and China is supplying the cure.

https://cnnphilippines.com/news/2020/4/27/Baclaran-Paranaque-raid-clinic-medicine-COVID-19.html

Every country has developed their own version of vaccine to this virus but no one yet confirmed yet and approved as vaccination so they are treating with existing medicines which can treat the symptomatic diseases only and mainly they try to quarantine the affected ones over curing them.

Snappycoco

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No. I do believe they already have the cure to this virus. They were treating their own and not having a single care to other nations. It is secretly processed in their Chinese owned hospitals anywhere in the world and China is supplying the cure.

https://cnnphilippines.com/news/2020/4/27/Baclaran-Paranaque-raid-clinic-medicine-COVID-19.html

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