CORONAVIRUS IMPACT ON CHINA ECONOMY

[Subbir]

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.

The virus affects the economy of China, knowing that they are one of prominent supplier of every garments around the world. With this issue regarding to Corona virus people who are working with them and having good business are minimizing the trade and transactions that being deal. If this problem  continue to spread all over China it will make a huge impact in a down side of their economy.

You have rightly said that the coronavirus will affect the economy of the country because the workers suffering from this disease are unable to function properly so their production system is being disrupted which will hurt the economy.

I think China does trade with Japan additionally to those. China's economy is now being threatened by Japan's export of lions from their country but Japan has stopped commercial transactions due to the coronavirus.

[michellee]

Corona Virus does impact China and another country as we saw on television, many countries cancel transportation from their country to China or prohibit from China to their country. Each government wants to solve how to cure people infected from the virus and until now, the government still trying to figure out how the virus grows.

But there is no correlation with bitcoin because it is not connecting with the virus. The increasing of bitcoin price is not because of the virus, but it's because of the halving that will happen in this year. The coronavirus put attention from all countries, and it's a dangerous thing that needs to be solved in right away.

I hope that the medicine to cure infected people can be found immediately so many people can be saved, and everything will get healthy again.

[philipma1957]

Corona Virus does impact China and another country as we saw on television, many countries cancel transportation from their country to China or prohibit from China to their country. Each government wants to solve how to cure people infected from the virus and until now, the government still trying to figure out how the virus grows.

But there is no correlation with bitcoin because it is not connecting with the virus. The increasing of bitcoin price is not because of the virus, but it's because of the halving that will happen in this year. The coronavirus put attention from all countries, and it's a dangerous thing that needs to be solved in right away.

I hope that the medicine to cure infected people can be found immediately so many people can be saved, and everything will get healthy again.

Well if shipping mining gear  stops for a month prices could rise.
People don't send coin to bitmain and other builders.
They have the options to hodl coins this could keep coins out of circulation.

Prices could rise due to this.

How much this effects the world's economy is yet to be seen.
This is certainly hurting China's economy .

I have heard as the worst case it goes worldwide and kills a few million people.

I have heard that it stays well under that and 10,000 people die worldwide.

Either way it is an issue that we will know just how bad it is by May or June.

It could operate more like aids in that it does not wax and wane with the seasons like the flu does.

Killing people world wide like aids did back in the 80's and 90's

Aid was pretty bad and people still die from it now.  I think the number is about 21 or 22 million people killed from 1980 to now 2020

 Some sources say 39 million of 80 million infected died since 1980.

This virus won't be that bad.

[Vishnu.Reang]

Did anyone checked the revelation made by Tencent yesterday? In their website, they claimed that the real death toll was around 25,000 and more than 300,000 were infected. They deleted the page within a few minutes and claimed that someone had hacked in to their website and posted a fake article. But I am having doubts that this is more in line with the real toll from the virus.

[Questat]

Did anyone checked the revelation made by Tencent yesterday? In their website, they claimed that the real death toll was around 25,000 and more than 300,000 were infected. They deleted the page within a few minutes and claimed that someone had hacked in to their website and posted a fake article. But I am having doubts that this is more in line with the real toll from the virus.

We would not know as it seems like China are controlling the news, they don't want their economy to get destroyed by this epidemic.
Regardless, I think China's economy will still be affected because of this but as soon as they solve this problem, they'll be back in business for sure.
I can already feel the panic, even in our country there is a panic already and I just prefer to say at home for the moment.

just watch the movie The Flu yesterday and I feel i now have an idea on what could possibly be happening in china.

[jostorres]

I know it will blow over and I know china will not be impacted as much as we imagine but can you imagine how awesome would it be if companies started to remove their production from China to all different nations instead of just focused on one place.

Right now, one nation (china) gets almost all production of the world, they literally became the factory of the world and that allows them to make insane amount of profit from everyone and keep making money, but if there was 40 other nations both in Asia and Africa and even maybe smaller European ones and Latin America etc etc all distributed from these big companies instead of china, nobody would have this kind of power over the worlds finances which would help everyone in the whole world and many more nations would get better too.

[iamsheikhadil]

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.

[Google+]

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.

well I see the economic condition in China is still stable and not significant movements and this makes me strange because when there is a corona virus that spreads why it gives a good effect on the rising price of bitcoin, the more expensive they should be, the traders are more secure their assets but the fact is the economy in China is still good.

[Negotiation]

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.

Not just in China but in a whole country that is affected by this virus and there are so many countries now that made a travel banned from and to China, Hongkong and Macau which can affect their economy. I heard on the last news that its already 500 people died because of this virus, I’m not sure but let’s hope that they will finally find the cure and start living normal again, my country is also in a full alert because the cases that we have in increasing and alarming.

this health crisis is very alarming as it can really have significant impact not only in Chinese economy but its neighbouring countries as well as the global economy. just take a look at those 27k employees of Cathay Pacific having a 3-week no pay leave. this is really getting serious and just tip of the iceberg. many companies are losing money aside from losing their employees. i hope those health authorities will find a way how to stop this outbreak and contain immediately. other asian countries are having reported deaths and cases outside China.

https://www.humanresourcesonline.net/cathay-pacific-asks-27000-employees-to-take-three-week-no-pay-leave/

https://www.nytimes.com/2020/02/02/world/asia/philippines-coronavirus-china.html

https://www.straitstimes.com/asia/se-asia/malaysia-confirms-two-new-patients-bringing-total-coronavirus-infections-count-to-14

You are right that it is not just limited to China but Bangladesh and its influence have come to affect the Chinese economy. I heard a while ago that the impact of the virus is now being studied in Bangladesh due to how many Bengali people have returned from China.

[Botnake]

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/

[mamahdedeh]

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

[Averim]

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.

[FlightyPouch]

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.

[Magkirap]

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.

[AmoreJaz]

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.

[heidikim]

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?

[quarkfx]

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

[FlightyPouch]

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

[noormcs5]

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.

[Spider A4]

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.