CORONAVIRUS IMPACT ON CHINA ECONOMY | Bitcointalksearch.org

virasog

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Quote from: Spider A4 on February 09, 2020, 01:44:07 PM

Quote from: Negotiation on February 05, 2020, 02:28:14 AM

I agree with you that China and China's economy are under threat due to coronavirus It has spread to about 14 countries in Wuhan, China. 106 people died in China Researchers believe that around six million people can be killed if the virus spreads around the world. If the whole country is spread they will lose their working power and the economy will be disrupted.

I think over 900 people's died in china and in the others some countries a few died for affected Corona virus. Definitely this is a big economical push for china. Air space is almost disconnected with most of the countries, so that many people's can't move in their own countries. For this crisis not only threaten for china because china's business spread in the world wide. Population based it was big country in the world. Pray for china to overcame this situation.

Are you sure only 900 people died in china from Corona virus ? I think there are a lot of more causalities and those who are suffering from this virus and still alive are alarming in number. China is cut from the whole world because no one will buy china products and they will avoid going to china too.
The growing economy of china will suffer a big set back because of this virus.

bering

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The latest update was appears that the effect for this epidemic have started to feel that small bussiness such as mini market, restaurants or hotels empty with no visitors and people outside Wuhan have started to complaining about this and many economy experts predict if China cannot eradicate this virus the impact will be very huge for them and as China have important role for global economy then world economic growth will slow down

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Quote from: quarkfx on February 09, 2020, 05:48:05 AM

economists are predicting that there will be 2% drop in china economy growth , obviously this epidemic will cause china lose economic growth such a big economy where people are not allowed to travel and many industries have stopped there operations will cause negative economic impact . just look at the stock index its a blood bath , negative numbers will grow considering the virus is spreading so fast taking many life 30k people infected and 1k people died

It's the problem that China is facing right now, the whole country's economy being affected by this virus and most of those outside trades are being limited as this concern is spreading all around the world. This sudden drops if won't be able to resolve or able to suppress this will affect that hard.

We should all help China overcome this problem But since the virus isn't transmitted to the other country communication has been stopped so their economy is more threatened. It should be suppressed as soon as possible with the assistance of all folks Otherwise, the virus will cause more damage worldwide.

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Quote from: Strongkored on February 10, 2020, 05:37:23 AM

Haven't an effect in the long term, it will only affect for a moment and revive, the reason being that is China is producer countries, produce many products at low prices that are in great demand (I'm not talking about quality of goods). this is a fact that is happening in my place which is flooded with products from China, as soon as they are able to deal with what is now a global problem their products will again flood other countries.
China has gone through a lot of bad things and time is proving they can get back up quickly

If discussing the economy in a fiat country in China is indeed possible when there was a virus like yesterday there was a slight decrease in prices but if from the cryptocurrency side it seems unlikely to decrease because soon there is a halving event that makes bitcoin more expensive then it is very unlikely if the price of cryptocurrency collapsed.

Strongkored

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Haven't an effect in the long term, it will only affect for a moment and revive, the reason being that is China is producer countries, produce many products at low prices that are in great demand (I'm not talking about quality of goods). this is a fact that is happening in my place which is flooded with products from China, as soon as they are able to deal with what is now a global problem their products will again flood other countries.
China has gone through a lot of bad things and time is proving they can get back up quickly

redsun114

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China would surely need to suffer the loss due to the corona virus. That virus is already been spreading in some important cities of china and it is making a lot of people suffer from the illness. This is also leading for more sick people who can't continue with the regular jobs which might impact the economy of china.

As far as I know, export of food is stopped by china to avoid contamination of corona virus to any other parts of the world. You said that more than 170 people died due to corona virus but the actual number is more than that. Few days ago, more than 450 people died in china because of the outbreak and I guess the number might have increased till today's date.

AleSergio

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The thing is that there would be always something happening in the world. There were a lot of different disasters, but not all of them affect a crypto market. China has a steady economy, so they wont bother themselves to store some money in crypto. So as i think coronavirus wont affect bitcoin or eth price.

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Quote from: klava1983 on February 09, 2020, 10:28:26 PM

I can see the direct correlation between coronavirus outbreak and the economy slowdown. For example, many people refuse to go to work because it is safer stay at home. The ramifications of the outbreak are continuing to affect lives and businesses in the region. It also affected the crypto space.
The TOKEN2049 crypto conference, planned for March 17-18 in Hong Kong, has been pushed back to October.

Any kind of such harmful virus might make people fear for their lives which would hardly allow them to leave their places. Also people would avoid going in over-crowded places which might even affect the local markets. In any country, strict measures are been taken in place where such kind of virus outbreaks. Swine flu was one of such virus which made a number of people lose their lives and now the same can be seen in case of corona virus.

A strong antidote is been required in order to stop contamination which is not yet found I guess and that is what makes people fear more and care about their lives. In such situation the economic condition of china would surely be affected but it won't take much time to get their routine back to normal once antidote for such virus is been unleashed.

klava1983

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I can see the direct correlation between coronavirus outbreak and the economy slowdown. For example, many people refuse to go to work because it is safer stay at home. The ramifications of the outbreak are continuing to affect lives and businesses in the region. It also affected the crypto space.
The TOKEN2049 crypto conference, planned for March 17-18 in Hong Kong, has been pushed back to October.

Spider A4

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Quote from: Negotiation on February 05, 2020, 02:28:14 AM

I agree with you that China and China's economy are under threat due to coronavirus It has spread to about 14 countries in Wuhan, China. 106 people died in China Researchers believe that around six million people can be killed if the virus spreads around the world. If the whole country is spread they will lose their working power and the economy will be disrupted.

I think over 900 people's died in china and in the others some countries a few died for affected Corona virus. Definitely this is a big economical push for china. Air space is almost disconnected with most of the countries, so that many people's can't move in their own countries. For this crisis not only threaten for china because china's business spread in the world wide. Population based it was big country in the world. Pray for china to overcame this situation.

noormcs5

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The outbreak of Corona virus in china will adversely effect the economy of china. People will not travel to china and also they will hesitate to meet people coming from china to other countries. Already many students of other nationals have brought them back to their country and also their tourist, industry will suffer the most.

They should make necessary arrangement to stop the outflow of this virus and also it will be best if they can develop a vaccine for this virus. This will reduced the tense situation to some extent.

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Quote from: AmoreJaz on February 09, 2020, 03:28:55 AM

i havent expected that the effect will be this alarming and long. it should be stop as soon as possible and health experts across the region should unite and immediately find the best way to stop this epidemic. even the neigbouring countries are now feeling the impact of this crisis.

Well, Japan is the leading country that helped China. It is not just because as a neighboring country they needed it but also because Japan is also affected by the outbreak. Their economy is somewhat connected to China since they are exporting their items in China. You can read the whole story of this problem in this link

quarkfx

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economists are predicting that there will be 2% drop in china economy growth , obviously this epidemic will cause china lose economic growth such a big economy where people are not allowed to travel and many industries have stopped there operations will cause negative economic impact . just look at the stock index its a blood bath , negative numbers will grow considering the virus is spreading so fast taking many life 30k people infected and 1k people died

heidikim

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Chinese trade is affected by this disaster situation. A significant part of bitcoin mining takes place in China. What will be the result in the case of a possible electrical breaker? There was a suspicion in production goods from China. In this case, will the Chinese government turn to the blockchain economy?

AmoreJaz

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Quote from: Magkirap on February 09, 2020, 03:18:29 AM

Quote from: FlightyPouch on February 08, 2020, 04:38:01 PM

Quote from: iamsheikhadil on February 07, 2020, 05:48:53 AM

I don't think a minor thing like virus can impact the whole economy of such a giant country. There are worse calamities like natural disasters, terrorist attacks, wars. Even then a country survives as emergency funds are stored for such times! Corona did impact but only to a very negligible limit.

I think it affected the economy of the country. As the outbreak is happening there are a lot of happening and one of them is tourism. They stop accepting people while the outbreak is happening. Importing and exporting is also stopped, that is so bad as they are one of the biggest exporter of the world.

Yes tourism is one of the most affected field in the country right now, everything that came from the country is rejected by lots of countries like people, goods etc. Yes from the inside they can mostly survive the economic attack of the virus for what you have said they have emergency funds but the main problem is their connection between countries, their economy when it terms to goods being exported, they are really affected.

i havent expected that the effect will be this alarming and long. it should be stop as soon as possible and health experts across the region should unite and immediately find the best way to stop this epidemic. even the neigbouring countries are now feeling the impact of this crisis.

Magkirap

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Quote from: FlightyPouch on February 08, 2020, 04:38:01 PM

Quote from: iamsheikhadil on February 07, 2020, 05:48:53 AM

I don't think a minor thing like virus can impact the whole economy of such a giant country. There are worse calamities like natural disasters, terrorist attacks, wars. Even then a country survives as emergency funds are stored for such times! Corona did impact but only to a very negligible limit.

I think it affected the economy of the country. As the outbreak is happening there are a lot of happening and one of them is tourism. They stop accepting people while the outbreak is happening. Importing and exporting is also stopped, that is so bad as they are one of the biggest exporter of the world.

Yes tourism is one of the most affected field in the country right now, everything that came from the country is rejected by lots of countries like people, goods etc. Yes from the inside they can mostly survive the economic attack of the virus for what you have said they have emergency funds but the main problem is their connection between countries, their economy when it terms to goods being exported, they are really affected.

FlightyPouch

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Quote from: iamsheikhadil on February 07, 2020, 05:48:53 AM

I don't think a minor thing like virus can impact the whole economy of such a giant country. There are worse calamities like natural disasters, terrorist attacks, wars. Even then a country survives as emergency funds are stored for such times! Corona did impact but only to a very negligible limit.

I think it affected the economy of the country. As the outbreak is happening there are a lot of happening and one of them is tourism. They stop accepting people while the outbreak is happening. Importing and exporting is also stopped, that is so bad as they are one of the biggest exporter of the world.

Averim

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China is similar with a massive production machine and it is hard to be stopped. It is true regarding the negative influence of coronavirus crisis over China's economy and in the same time affects all of us. Many companies cries out that they have no parts to assemble various products because of China's situation.

mamahdedeh

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if the corona virus certainly has a negative impact on the economy in China, even the whole world will be affected too, because we know that the dependence of most countries in the world on China, but here I see the crypto market is increasing, maybe many people are securing their wealth on the crypto market for their better future

Botnake

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Quote from: iamsheikhadil on February 07, 2020, 05:48:53 AM

I don't think a minor thing like virus can impact the whole economy of such a giant country. There are worse calamities like natural disasters, terrorist attacks, wars. Even then a country survives as emergency funds are stored for such times! Corona did impact but only to a very negligible limit.

That isn't minor, if that is minor, it should not case any panic.

There's a lot of news out there, there was a virus in the past called SARS and it has impacted the economy of China, and according to the experts, this new virus is a bigger one, hence the effect would also be bigger.

https://www.nytimes.com/2020/02/03/business/economy/SARS-coronavirus-economic-impact-china.html

https://foreignpolicy.com/2020/02/03/knock-on-effects-china-coronavirus-weak-economy-markets/

Topic: CORONAVIRUS IMPACT ON CHINA ECONOMY (Read 866 times)