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

[moonblocks]

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

This is not good news but they're prepared better now so it shouldn't cause too much of an after shock in equity markets globally, but on another note the U.S. has a lot on its plate at the moment so there could be some volatility ahead for the stock markets which shouldn't impact BTC too much as it's pretty much been sold off to its lower-grade value already but watch whale alert and market sentiment indicators because another dip to the $3,000-$4,000 range is still possible before normalizing back toward the $5,000-$10,000 optimal range (halving price included)

[Ucy]

It's only me that think China is not over with the "first wave" yet?

How entire world is suffering and spreading all over the countries and cities and China didn't have catastrofic numbers in their whole country?
They are to good to deal in this situations or they are lying?

Well, it depends on how transparent things are over there. Non transparent & dictatorial rulers can easily hide the truth. Which is one of the reasons dictatorship is a bad idea... (whether the country is a dictatorship or not I don't know.)
People should be able to closely monitor their leaders and prevent them from derailing or breaking the law.

[Chrystora123]

I saw this news on my television too, that China had another COVID-19 infected patient, an infected area on the border with Russia.. in that news, there is one thing I don't like from statements from Chinese sources that say "we got a virus from outside"  

IMO.. the Chinese economy will be fine because they already have good experience in handling COVID-19 outbreaks..

[RealMalatesta]

What scares me is not just China having a second wave, that was basically expected because you can't just get rid of a whole virus, plus we didn't really know if china was over it or not, maybe they lied. What scares me is a second wave in other nations, we are basically still peaking right now in many places and only getting started, if these go down for a while but then go up again in other nations as well, that means we are going to see a year of this and not just few more months.

Think about it USA is peaking still today, it will take at least 2 more months before we can start to see it going down decently and after few more months if starts back up and reach to these levels again for 3-4 more months, then it will take another 2-3 months to recover from that which comes down to 2021 and that is a long time to stay at home.

[abhiseshakana]

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

In dealing with Corona, standing applause is given to Taiwan which incidentally is very close to China but the number of sufferers is small with a low mortality rate, Taiwan successfully fends off corona with a shield available before the corona comes invading Taiwan.

China with its Wuhan lockdown is ranked second considering that although the plague swept Wuhan but China has managed to cope with its spread. Even China is actively providing assistance to other countries such as Italy, America, and several other countries.

Lockdown in China is very different from the lockdown applied by Italy. There are no public vehicles passing by and everyone is forced to stay at home. The Chinese government also made a health application "Healthy is a Treasure". By downloading everyone is connected to the national health center. To monitor and classify public health status, yellow or red-green. But this application has a binding legal force between the state and its people. So the lockdown system in China is very modern.

Since the end of March automotive factories in Wuhan have begun operating even though the lockdown has not been opened. The auto parts factory in Wuhan is the center of automotive supply throughout the world. So that the term Automotive industry connection is known as Covid-19 connection.

This proves that China is confident enough with the lockdown system and health control system through the application of "healthy is a treasure".

[Vishnu.Reang]

There is a lot of propaganda going on against China in various social media channels right now, and this "second wave" is just another one of those propaganda products. China has been free of community spread for more than a month now, and the new cases are being reported almost exclusively among those who arrive in China from foreign nations.

[bitgolden]

I read most of people who got recovered from covid19, again get suffered somehow, not sure why that kind of news sparks more frequently. I guess from household things, virus infection may spread out but they might have taken 14 days break inbetween touching their household things still not sure how the news about second wave hits media more frequently.

Let's consider if China in place to face another wave of covid19 then I guess they may control it more effectively than the first time. Yes, knowledge and experience may play big role here. They have sufficient experience from the first wave outbreak and just repeating with covering what were missed out previously will result in controlling in more efficient manner.

[Findingnemo]

The number of cases is really very less compared to other countries so I don't think they will go for lockdown again, particularly this is their time to do lot of business and already they are taking orders for PPE from a lot of countries.If the cases starts to rise as hell then they will be surely pushed to get locked down or put some restrictions for some companies.

[SaShiRaJaVu]

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

Looking a the events we are having in the past few months i have no idea where this ends, the situation is getting worse every day and when we think that China is under control and i heard they are opening the markets now we hear that the second wave is coming and how many wave we should expect and my doubt is whether the patients who were cleared after getting positive are the ones getting back the virus?  . The economy will be in chaos even with the current situation and another way could crumble everything as how long can a nation shut down doing nothing.

[exstasie]

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

This was always a grim possibility. We probably should have read between the lines when they re-closed movie theaters nationwide and some Wuhan localities went on lockdown in March even after China claimed a miraculous recovery.

We should also assume we're not getting the full story even now, since all the numbers are scrubbed by the CCP before being released. Things are probably even worse than feared.

This should stand as a stern warning to western governments about re-opening prematurely, and doesn't bode well for economic recoveries across the board. This could end up prolonging the recession into/through 2021, which would have very tangible effects on all liquid assets from stocks to BTC.

[imstillthebest]

The number of cases is really very less compared to other countries so I don't think they will go for lockdown again, particularly this is their time to do lot of business and already they are taking orders for PPE from a lot of countries.If the cases starts to rise as hell then they will be surely pushed to get locked down or put some restrictions for some companies.

cases are less because it was only new but lets observed how this new waves goes by  . many people said that it wasnt destructive than the previous one but why i think the second one is more disastrous   ? because for me second one is more strongest , that is what i heard on some nurses/doctors before but china already have an experienced related to it , so they should easily developed a cure for this one   .  so the answer is likely to be no , it cant affect china's economy , infact  china economy is starting to bloom now because they are now supplying other countries with items  .

[kawetsriyanto]

~ do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?

I believe they can recover the economy condition quickly as we have seen it in the first wave. China's power in economy sector is one of the highest one in the world, so they won't have difficulties to deal with the current situation. Even they must have the second lockdown, they probably have prepared everything.

[exstasie]

~ do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?

I believe they can recover the economy condition quickly as we have seen it in the first wave. China's power in economy sector is one of the highest one in the world, so they won't have difficulties to deal with the current situation.

Not if exports are crushed. They are looking at a 10-20% contraction in Q1. If that performance continues through the year then they are looking at the worst economic crash since before Deng Xiaoping opened China’s economy in the 70s.

The question on my mind right now: Are the Markets Underestimating the Coronavirus Depression?

[Kasabus]

~ do you’ll think that it’s economy will be able to recover quickly from this second lockdown too?

I believe they can recover the economy condition quickly as we have seen it in the first wave. China's power in economy sector is one of the highest one in the world, so they won't have difficulties to deal with the current situation. Even they must have the second lockdown, they probably have prepared everything.

The first corona virus that had affected China has already teach them lessons on how to deal if other viruses will come to appear. If they had conquer the first one, i guess they are more ready enough for this new virus. And the fact that it started in their own country, surely they'll find ways on how to treat it same with with the first corona virus.

[qory]

Big country like China, Italy and United State become most victim of Corona and make many world get economic crisis, how ever if bigger country get trouble other country will allow with the same thing and faced bad crisis of economic, will be this month corona virus could fight and stop it?

[Subbir]

This month the Coronavirus is close to causing its biggest panic the primary time China's economy could also be under threat albeit it doesn't hurt the economy an excessive amount of for the primary time. it is a virus that shook the entire world. nobody can do anything It seems to me that the second time that Hutu has been hit the larger obstacle before us is expecting us.

[viananda2525]

Big country like China, Italy and United State become most victim of Corona and make many world get economic crisis, how ever if bigger country get trouble other country will allow with the same thing and faced bad crisis of economic, will be this month corona virus could fight and stop it?

i think this pandemic will need long time to stop, moreover we didnt find yet its vacince and ofcourse it will make corona virus hard stop. the only think we could do to stop this pandemic was pshycal distancing and quarantine with negative effect all economic activity will decrease alot. not only big countries ,developtment countries will get effect too.

[TitanGEL]

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.

The data and chart doesn't lie after all, China has the highest recoveries in all of the countries due to their good medical facilities and officials. If there will be a second wave that can cause an outbreak again, I know that they are now fully prepared and they know what the right thing to do. The Wuhan lifted now their community quarantine and people are now free again to roam their country, with the right equipment and the right treatment, they overcome the pandemic.

[camito]

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

If there is really a second wave of the virus attacking and now spreading in China, I think it would affect the economy of China but not in the most devastating state. Looking at how the COVID-19 did only a 'scratch', probably that second wave would do a 'wolf-mark' look-alike.

Knowing that China is a beast in terms of trade and market analysis, they almost probably have the countermeasures already. I just think of its effect worldwide on other countries which aren't yet stable in terms of their economic crisis.

[celot]

Although many update news about China have finish and success for recovery their victim from Corona virus until today there are still have many people get corona, maybe China look close their transparent document about how many people have success recovery from Corona virus and there are still health or not, need transparent about their condition and bring working for economic world.