Topic: China’s second corona wave can it crush it’s economy? - page 5. (Read 1485 times)

Over the past 2 days, 16 people with coronovirus have been identified in China, however, according to the statement of the official authorities, 9 of them are foreigners.
China certainly already has the experience of completely isolating and combating the virus, but if the outbreak repeats itself where is the guarantee that this will not happen again.

I cannot believe that they have a complete control over the outbreak and if these numbers are true then they have done a great job countering a virus that Europe and US are struggling to contain, i am not aware of their health care facilities to have such low numbers or are they revealing everything to the world, what i think is that the details of the foreigners are provided as they cannot hide them and i still think they are not telling the entire story.

China is an authoritarian country, and it was relatively easier for them to impose lockdowns. The case was different in other countries such as Italy and France, where the people rioted against lockdown measures. Too many conspiracy theories are spreading on the net regarding the origin of the virus. There is a lot of propaganda as well. The sad thing is that in between all this, the gargantuan effort put in by the paramedics of China gets overlooked.

As a matter of fact China has the biggest improvement out of all countries that have been hit by the virus given that Wuhan, China is the original epicenter of the virus. Does China is having hard time containing the virus? YES, we all do but being not prepared does not mean that we cannot be successfully defeat the virus. I'm amaze how China is doing things by their own, given that they have the most populated country yet the recovery rate is impressively high. China is working on the cure and vaccine under the world's pressure from suspicions that they created it so they can manage to take advantage of the world in many aspect.

That's because of the economic shutdowns and social distancing measures. Now that those restrictions are being relaxed, we could see another surge in infections. It will take a couple weeks for that to be reflected in the data. Since there is no herd immunity, and since case numbers are still near the peak, going back to normal may be like playing with fire. If cases surge again, we risk having to close up economies a second time, which would definitely cause a global market panic. Be ready for it!

The surge in Southeast Asia is sobering too: https://www.cnbc.com/2020/04/20/southeast-asia-could-be-the-next-coronavirus-hot-spot-these-charts-show-why.html

India and Russia also both seeing their largest surges yet. It seems that no region will be spared, even those countries who reacted quickly. That will have reverberating effects on global demand.

I totally agree with you! People should stop panicking about this situation already, because it makes things only worse. It looked dangerously 3 weeks ago, but not any more. And even if China were concealing some data(like many ppl think), we could look at Italy, Spain and France to see that the numbers of new daily cases and new deaths weren't increasing during the past weeks the way it was predicted a month ago by some doomsayers.

No new wave can crush the economy, neither China's, nor any other country's.

Even without the appearance of this second pandemic, China's economy will also experience a period of severe recession. The reason is because they were under enormous pressure from US taxes in 2019 and left quite a few unemployed. and as soon as tariffs were reduced, the pandemic appeared and left many unemployed and businesses bankrupt. Therefore, they also need a lot of time to develop again. Don't rely on anyone who says the market will bounce back, even if he is an expert. The economic situation will show clearly in a few weeks.

I agree with you that China's second coroner wave cannot crush its economy Because they have dealt with it before they know how to control everything their economy will not be anything. However as there is no vaccine for the virus the number of infections and deaths will increase China cannot control it.

The first wave is enough for Chinese people learn how to prevent and control this Virus so the second wave may not bring big effect compared to the first.

and maybe there are just lapses in their medical part thats why the virus starts again but this does not mean they will be crashed just like that.
This will fade sooner and just like days after the news the spread stops already looking at the recorded date of Chinese government.

I think that China will hardly recover from the COVID-19 epidemic. Because China did not prevent this virus successfully. The COVID-19 disease has spread to many countries around the world, especially the US and Europe. It has killed many people and caused enormous economic damage to the US. President Trump plans to withdraw US factories from China back to the US or to other countries such as Vietnam and Taiwan. This will make many Chinese workers unemployed. Therefore, the Chinese economy will face a serious crisis.

I hope that the corona second wave virus will not occur, because the corona virus will destroy the world economy. If it's about China
i'm sure they will be better equipped to deal with the second wave corona virus if it does. China has a very strong economy, so according
my opinion will not greatly affect the economy in the country of China if there is a second wave.

China literally has 20+ trillion in bonds and other stuff, so I doubt they would be really affected as much as you might imagine, they do have enough investments all around the world that would basically make sure that they would never get crushed unless they do something stupid. They would basically buy anything they want in exchange of the debts they are owed and that way they could continue to operate for a long long time at which period we would basically all be over corona anyway so it is unlikely that another wave could do anything to corona.

I hope that they do get a bit of economical crash in the long run because I do not like their government but the sad thing is, if the nation loses some money the rich will continue to live the same, poor will get more poor, that is the sad part.

I guess everything was like in the movies, virus is coming after all of us, governments are protecting us... short breath and here we go again, second wave, people are in panic (if they aren't already), governments are trying even harder, they print more money, that will protect us for sure!
Don't know about you guys, but I am happy I am in crypto for years! In some moments I feel like everything is happening on the other side and that we here don't need to worry about anything. I think good times are waiting for us (if we are not in good times already, for some time), crypto will have to take over, and we will have to move to decentralized governance. It's the only way out of this mess, and I don't see other options for us people!

Though China has been experiencing it's second wave of corona virus the country is strong in its economy. Another thing, even now China is the one exporting more medical equipments and raw materials to the countries that are completely in lockdown. Every country is now with more and more plans to recover the economic conditions, but plans won't be effective until the virus spreading comes to an end.

its too much bro, dont think like that. I believe all the resources in this world will save us for better future. We are human right? not a donkey, we fall we learn, thats the point

It has already impacted the world economy to great extent and also put the world in the recession. If second wave comes then probably the world would go back many years back and humans would be impacted the most because of it and it is more dangerous for the people existence.

They are not in full isolation. The lockdown was lifted even in Wuhan a few days ago. And another thing to remember here is that most of the new cases are being classified as "imported"... that means that they are being reported from individuals who recently returned to China from foreign nations. Now the government needs to make sure that these returnees don't spread the virus to the general population.

They say that a pandemic has 3 waves so it's more likely that a 2nd wave will occur. As many people continue's to get infected and still the vaccine will take time to be created just like in historic pandemics in the past. Also with the virus and if they decide to lift travel ban, it will allow foreign carriers to spread the virus.
But it wont most likely affect China's economy as we all know their lying and hiding something about a vital data about the virus, so my guess China can once again solved the problem if i ever a second wave hits them.

The first wave made enough for crushing. They say already about the biggest descent of economy. The second will just kill the rest...

I don't know how the actual lockdown condition is in other countries. I got information from my frozen seafood buyer there that although direct flights from Indonesia to China and vice versa were closed but China still found a gap to come and go from China to Indonesia and vice versa. When there is a potential market, Chinese airlines do not remain silent, no matter how small the benefits will be used so that the economy does not stand still but starts moving. Chinese airlines open weekly charter flights from Cambodia to China and vice versa. Because flights to Cambodia from Indonesia and vice versa continue to run because the status of Cambodia is not yet red, Cambodia is used as a transit hub for flights from Southeast Asia to China. But only one Chinese airport can be visited so that the handling of the virus is controlled.

China is now worried that Covid-19 will again become an epidemic there with sources from abroad. But China also doesn't want to shut down. There must still be flights to China even though it is limited. So that the economy does not stall.

All passengers on the plane from Cambodia were then quarantined in a hotel that had been determined so that the supervision was controlled. After filling out the form with many questions they will undergo 14 days of quarantine. If after that it is okay then you can go back to your respective villages. In the hotel, they can only be in the room even the hotel lobby is prohibited. And all costs are the responsibility of the passenger of the aircraft.

They received suspicious migrants, with more special supervision and with different quarantine facilities plus special treatment, their feet were given an electronic bracelet. with anklets, surveillance will be more effective.

In addition to local governments, even large offices in China also use health code applications that indicate their health status, red, yellow or green from answering a number of questions.