CORONAVIRUS IMPACT ON CHINA ECONOMY

[klava1983]

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.

[bitgolden]

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.

[AleSergio]

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.

[redsun114]

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.

[Strongkored]

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

[pikkie]

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.

[Subbir]

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.

[bering]

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

[virasog]

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.