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

[Juggy777]

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

[avikz]

No! 2nd wave of Corona virus doesn't have the power to crush Chinese economy. It's a land of 1.48 billion people and internal market size of China is the largest in the world. Yes, probably their export business will take some hit the way rest of the world is facing it, but due to their internal market size, these losses will be taken care internally. A very minor portion of their economy will be suffered which are directly linked to international companies. Rest all are fine in China! They are ruled under dictatorship and not democracy!

From whatever news I am seeing, it seems like, out of 109 people who were tasted positive in China, 49 people recently came back from Russia. Since Russia is also ruled under a dictator, you will never know the actual information or actual numbers!

[Ozero]

The second wave of coronavirus spread in China should not be too destructive for its economy. Some experience has already been gained in combating this virus, people already know what to do in this situation. Therefore, I do not think that the second wave will be too long. This country showed good cohesion in the fight against coronavirus, in contrast to the USA and Europe, where people were too light on this problem. This allowed such a densely populated country to cope with the first wave relatively quickly.

[Ucy]

No! 2nd wave of Corona virus doesn't have the power to crush Chinese economy. It's a land of 1.48 billion people and internal market size of China is the largest in the world. Yes, probably their export business will take some hit the way rest of the world is facing it, but due to their internal market size, these losses will be taken care internally. A very minor portion of their economy will be suffered which are directly linked to international companies. Rest all are fine in China! They are ruled under dictatorship and not democracy!

From whatever news I am seeing, it seems like, out of 109 people who were tasted positive in China, 49 people recently came back from Russia. Since Russia is also ruled under a dictator, you will never know the actual information or actual numbers!

Will be interesting to find out if China is "really" a dictatorship, and if people were stopped from going to work "safely" during the so called lockdown.
Does the President of China really have powers like typical dictators do? Do Chinese people have their say(not necessarily through voting) and the government respect/consider the opinion? *not talking about insulting the leaders or something like that*... I mean are good or worthwhile opinions from the people considered by the government? What will happen to the government/leaders(/rulers?) if they fail to consider good opinions from the people? Nothing?

[plvbob0070]

Actually, I don't know where to believe about the origin of this virus. Others say that China planned everything, others say it comes from Wuhan Lab, not Wuhan Market. If we are going to believe that they planned this, then we can conclude that it won't affect their economy that badly. But if they don't, it just starting spreading, then it will affect their economy. Other countries and their economies are now being affected by the lockdown. The market is going down. Then, of course, that would also happen to China if the cases continue to increase. However, I don't think that it will crash their economy down since they're still one of the richest countries and they can handle the situation. They can easily recover. What I'm worried about are those poor countries. Their economy is more likely to be greatly affected by this virus.

Let's just pray that a vaccine can be developed sooner, so we can already stop this virus.

[Darker45]

I am not even sure if this second wave is as large as the first. Probably not and therefore not enough reason for a second lockdown. Most of the cases in China in these past days are imported. There have been a few from local transmissions but not that many to warrant another round of the dreaded lockdown. The economy must already be on its road to recovery.

[LeGaulois]

If it was something they had planned, it is quite likely that they did not manage to control as they had planned. Oops, wrong dosage.
China's economy is resilient and most workers have already returned to their jobs actually,
The crisis is not going to affect their economic ambitions they're just going to put more effort. They invested almost 50 billion yen in the economy, focusing on technology industries such as 5g and the cloud.

China could become the world's leading power once the crisis is over.

Now if we imagine a second wave I don't think it could crush its economy, it will be paused until it's over and the government can again decrease the fractional reserve allowing the banks to invest more billions to help the economy.
And if a second wave happens to be sure other countries will be affected as well and the drama could become the hell

I think this country is one of the least problematic in the economy terms

I am not even sure if this second wave is as large as the first. Probably not and therefore not enough reason for a second lockdown.

That's also what most politicians were saying until it hits their own country. How many deaths are needed before actions are taken?

[xSkylarx]

They already have fought the first wave of Corona so I guess they already have experience on how to handle it if there is something that is coming. There are issues that Corona was created by China as a bio-weapon, who knows if ever this is another agenda to crash other countries' economies to their benefit. A lot of lives were taken due to this pandemic and I hope this will be over soon.

[thesmallgod]

Honestly this virus has gotten really out of hands. Just when we think everything will end soon, we start hearing cases of second wave. In the other news today, it has been reveal that people that were confirmed that have overcome the virus and tested negative before are now testing positive again. If all these are real, I believe the world will be in a really deep shit after the whole stuff

[Raflesia]

Corona virus in the second wave (if that's true) then I think China is able to overcome it because by the time the first Chinese corona virus was gone it was trying to recover and they had opened their city as before, but for some reason now there must be a second wave but I think in the Chinese economic industry I am sure their recovery will continue as expected.
At this stage China will continue to try not to happen again in the second wave because I am sure it will worry the world again, while other countries now continue to fight the corona virus.

[davis196]

This is bad.The Chinese authorities were so overconfident that they had defeated the virus and now their propaganda got busted.Last week,there were news,about Chinese people that were returning from European countries and USA brought the virus back in China.
I guess China has more experience with fighting the virus and it will impose totalitarian measures,like mass lockdowns again,so there's no need to worry.The battle against this god damn plaque will continue longer than expected.

[BlackFor3st]

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

China is a country who have almost everything to counter any outbreak and as you can see even if they are the first country to be hit by the virus, they are still intact and was able to control the spread by imposing a lockdown to Wuhan. These only means that their government is wise enough to fight the virus while making their economy balance.

So I cannot agree with you with it, as I am confident that China is strong enough to fight the 2nd wave of virus while protecting their economy. They must be preparing for a counter measure in order to easily recover in case their economy will be affected that much.

[Betwrong]

First off, there will be no "second wave" in China, and that's why we can read about such possibility only in tabloids like Daily Star, infamous for their clickbait titles. Check out how does this "highest spike"(Apr 11 - Apr 12) actually look if we turn to reliable sources of information:

But even if there was a second wave, China is much more prepared currently than before, and can deal with it more effectively, causing little, if any, harm to the economy.

[fabiorem]

No, but it will crush bitcoin's price, since bitcoin is one of the weakest assets in the global fiat casino.

Blame everything in COVID-19, so that you can feel better. No need to risk your health thinking about the entanglements that brought bitcoin to a permanent bear market.

[FanatMonet]

I don’t think it’s possible, China has already created the infrastructure for combating coronavirus during the outbreak, and can very easily prevent the second wave, or very minimize it, to reduce damage to the population and the economy, and other industries.

[Febo]

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

There will be no relaxation in any country before vaccine will get made. Difference is that for second wave China and other countries will be way more ready. There will not be lack of anything. We have pandemic some time now. We will simply have to learn to live with the virus until vaccine.  Yes the economy will suffer a lot.

[turkandjaydee]

What I'm worried about are those poor countries. Their economy is more likely to be greatly affected by this virus.

Totally agree with you. China's economy will not be really in a terrible situation but 3rd/developing countries will.
Even my country as a 3rd country almost 100% will not do a lockdown for fear of economic problems that will arise if it is done later.

But I'm wondering since many people said that the spread of this virus began in China, can't the Chinese government be blamed for this? Shouldn't they also be responsible for the spread that is happening in other countries?

[stompix]

The crisis is not going to affect their economic ambitions they're just going to put more effort. They invested almost 50 billion yen in the economy, focusing on technology industries such as 5g and the cloud.

I have a feeling they haven't invested a single yen  , maybe a few yuans..
But 50 billion yuan is also peanut money, it's just 7 billion $ something Montenegro might be excited about not China...

Does the President of China really have powers like typical dictators do? Do Chinese people have their say(not necessarily through voting) and the government respect/consider the opinion? *not talking about insulting the leaders or something like that*... I mean are good or worthwhile opinions from the people considered by the government? What will happen to the government/leaders(/rulers?) if they fail to consider good opinions from the people? Nothing?

Voting in China?   Yeah, that's totally a thing, just like pluralism religious views in Medieval Europe the 14th century or slave rights in Africa at the same time.

Do you realize you're talking about the same government that silenced the guy who discovered the virus and then openly lied to the WHO that the virus transmitting through human to human contact? Is the country where the chief of the Interpol went missing for god's sake!!!
You're asking what happens if the rules fail to consider the opinion of the people? I'll tell you what happens, those people won't be having an opinion their entire life!

[ajaymukund]

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 also had read about this news and realized that the Corona virus was actually more dangerous at first. This is a highly variable form of the virus and it is very difficult for us to predict whether our body will be infected. China seems to be quite subjective about its control. I think they should do another social isolation again with a length of 30 days. It will be a good time to protect the health of the people. The economy will certainly be affected, but it will not cause severe consequences.

[The Sceptical Chymist]

I don't know how serious this "second wave" is going to be, but as far as China goes, they're a huge country with a very strong economy.  So even if the outbreak gets worse there, it might sting a little bit but it's not going to kill them.

Viral outbreaks don't last forever as far as I know, and while things might look pretty bleak at present, this isn't going to last forever and life will get back to some sort of normalcy--eventually.  I also don't think China would have a problem getting some help from other countries if things get really bad.  Or they could sell all those US bonds they hold.