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

[n0ne]

Though China has been experiencing it's second wave of corona virus the country is strong in its economy. Another thing, even now China is the one exporting more medical equipments and raw materials to the countries that are completely in lockdown. Every country is now with more and more plans to recover the economic conditions, but plans won't be effective until the virus spreading comes to an end.

[iv4n]

I guess everything was like in the movies, virus is coming after all of us, governments are protecting us... short breath and here we go again, second wave, people are in panic (if they aren't already), governments are trying even harder, they print more money, that will protect us for sure!
Don't know about you guys, but I am happy I am in crypto for years! In some moments I feel like everything is happening on the other side and that we here don't need to worry about anything. I think good times are waiting for us (if we are not in good times already, for some time), crypto will have to take over, and we will have to move to decentralized governance. It's the only way out of this mess, and I don't see other options for us people!

[tbterryboy]

China literally has 20+ trillion in bonds and other stuff, so I doubt they would be really affected as much as you might imagine, they do have enough investments all around the world that would basically make sure that they would never get crushed unless they do something stupid. They would basically buy anything they want in exchange of the debts they are owed and that way they could continue to operate for a long long time at which period we would basically all be over corona anyway so it is unlikely that another wave could do anything to corona.

I hope that they do get a bit of economical crash in the long run because I do not like their government but the sad thing is, if the nation loses some money the rich will continue to live the same, poor will get more poor, that is the sad part.

[MCobian]

I hope that the corona second wave virus will not occur, because the corona virus will destroy the world economy. If it's about China
i'm sure they will be better equipped to deal with the second wave corona virus if it does. China has a very strong economy, so according
my opinion will not greatly affect the economy in the country of China if there is a second wave.

[hung58bitcoin]

I think that China will hardly recover from the COVID-19 epidemic. Because China did not prevent this virus successfully. The COVID-19 disease has spread to many countries around the world, especially the US and Europe. It has killed many people and caused enormous economic damage to the US. President Trump plans to withdraw US factories from China back to the US or to other countries such as Vietnam and Taiwan. This will make many Chinese workers unemployed. Therefore, the Chinese economy will face a serious crisis.

[carlisle1]

The first wave is enough for Chinese people learn how to prevent and control this Virus so the second wave may not bring big effect compared to the first.

and maybe there are just lapses in their medical part thats why the virus starts again but this does not mean they will be crashed just like that.
This will fade sooner and just like days after the news the spread stops already looking at the recorded date of Chinese government.

[Negotiation]

I agree with you that China's second coroner wave cannot crush its economy Because they have dealt with it before they know how to control everything their economy will not be anything. However as there is no vaccine for the virus the number of infections and deaths will increase China cannot control it.

[Paycoinzzz]

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

Even without the appearance of this second pandemic, China's economy will also experience a period of severe recession. The reason is because they were under enormous pressure from US taxes in 2019 and left quite a few unemployed. and as soon as tariffs were reduced, the pandemic appeared and left many unemployed and businesses bankrupt. Therefore, they also need a lot of time to develop again. Don't rely on anyone who says the market will bounce back, even if he is an expert. The economic situation will show clearly in a few weeks.

[Betwrong]

Coronavirus will keep hurting China's and any other countries economy for quite some time, because new waves will be happening, but these waves will be smaller and smaller. If China didn't crumble from the original outbreak, it will not fall because of the second or third wave.

I totally agree with you! People should stop panicking about this situation already, because it makes things only worse. It looked dangerously 3 weeks ago, but not any more. And even if China were concealing some data(like many ppl think), we could look at Italy, Spain and France to see that the numbers of new daily cases and new deaths weren't increasing during the past weeks the way it was predicted a month ago by some doomsayers.

No new wave can crush the economy, neither China's, nor any other country's.

[exstasie]

People should stop panicking about this situation already, because it makes things only worse. It looked dangerously 3 weeks ago, but not any more. And even if China were concealing some data(like many ppl think), we could look at Italy, Spain and France to see that the numbers of new daily cases and new deaths weren't increasing during the past weeks the way it was predicted a month ago by some doomsayers.

That's because of the economic shutdowns and social distancing measures. Now that those restrictions are being relaxed, we could see another surge in infections. It will take a couple weeks for that to be reflected in the data. Since there is no herd immunity, and since case numbers are still near the peak, going back to normal may be like playing with fire. If cases surge again, we risk having to close up economies a second time, which would definitely cause a global market panic. Be ready for it!

The surge in Southeast Asia is sobering too: https://www.cnbc.com/2020/04/20/southeast-asia-could-be-the-next-coronavirus-hot-spot-these-charts-show-why.html

India and Russia also both seeing their largest surges yet. It seems that no region will be spared, even those countries who reacted quickly. That will have reverberating effects on global demand.

[Yatsan]

I think that China will hardly recover from the COVID-19 epidemic. Because China did not prevent this virus successfully. The COVID-19 disease has spread to many countries around the world, especially the US and Europe. It has killed many people and caused enormous economic damage to the US. President Trump plans to withdraw US factories from China back to the US or to other countries such as Vietnam and Taiwan. This will make many Chinese workers unemployed. Therefore, the Chinese economy will face a serious crisis.

As a matter of fact China has the biggest improvement out of all countries that have been hit by the virus given that Wuhan, China is the original epicenter of the virus. Does China is having hard time containing the virus? YES, we all do but being not prepared does not mean that we cannot be successfully defeat the virus. I'm amaze how China is doing things by their own, given that they have the most populated country yet the recovery rate is impressively high. China is working on the cure and vaccine under the world's pressure from suspicions that they created it so they can manage to take advantage of the world in many aspect.

[Vishnu.Reang]

As a matter of fact China has the biggest improvement out of all countries that have been hit by the virus given that Wuhan, China is the original epicenter of the virus. Does China is having hard time containing the virus? YES, we all do but being not prepared does not mean that we cannot be successfully defeat the virus. I'm amaze how China is doing things by their own, given that they have the most populated country yet the recovery rate is impressively high. China is working on the cure and vaccine under the world's pressure from suspicions that they created it so they can manage to take advantage of the world in many aspect.

China is an authoritarian country, and it was relatively easier for them to impose lockdowns. The case was different in other countries such as Italy and France, where the people rioted against lockdown measures. Too many conspiracy theories are spreading on the net regarding the origin of the virus. There is a lot of propaganda as well. The sad thing is that in between all this, the gargantuan effort put in by the paramedics of China gets overlooked.

[BChydro]

Over the past 2 days, 16 people with coronovirus have been identified in China, however, according to the statement of the official authorities, 9 of them are foreigners.
China certainly already has the experience of completely isolating and combating the virus, but if the outbreak repeats itself where is the guarantee that this will not happen again.

I cannot believe that they have a complete control over the outbreak and if these numbers are true then they have done a great job countering a virus that Europe and US are struggling to contain, i am not aware of their health care facilities to have such low numbers or are they revealing everything to the world, what i think is that the details of the foreigners are provided as they cannot hide them and i still think they are not telling the entire story.

[jalxyx]

I agree with you that China's second coroner wave cannot crush its economy Because they have dealt with it before they know how to control everything their economy will not be anything. However as there is no vaccine for the virus the number of infections and deaths will increase China cannot control it.

do you hear Bill Gates dedicated to make a vaccine right now? its hard to make, but we can support them. Believe that the future will shining bright

[Botnake]

It seems like China's economy was not crushed, I mean the corona virus only affected one City but their capital city where the business are done are still open despite the corona virus, now that they were able to contained the virus, their economy will be more better while other parts of the world are still battling the virus.

[jalxyx]

It seems like China's economy was not crushed, I mean the corona virus only affected one City but their capital city where the business are done are still open despite the corona virus, now that they were able to contained the virus, their economy will be more better while other parts of the world are still battling the virus.

which country are you in? just take a breath for a second, your comment it really happen there in Jakarta. Many people still work out in this pandemic, despite the goverment ruling down all activity

[FanatMonet]

The second wave of coronavirus should not cause much damage to China, because they already have experience in dealing with it, including hospitals with medical personnel. Now the main thing for them is to control everyone arriving in the country.

[brotherwood12]

if the cause are same , i think the overcome for it will be easier , and if "lockdown" really needed will be in short time / shorter than the first one . also i guess china have made the vaccine itself

[Psynthax]

The second wave of coronavirus should not cause much damage to China, because they already have experience in dealing with it, including hospitals with medical personnel. Now the main thing for them is to control everyone arriving in the country.

We are still uncertain about that though, there's recent news about the virus mutation that could potentially reinfect though they might know to handle it but if they fail to contain it once more it could be yet another disaster not only for china but for entire world. At a time like this I have this slight hope for the vaccine to arrive sooner really.

[abhiseshakana]

It seems like China's economy was not crushed, I mean the corona virus only affected one City but their capital city where the business are done are still open despite the corona virus, now that they were able to contained the virus, their economy will be more better while other parts of the world are still battling the virus.

which country are you in? just take a breath for a second, your comment it really happen there in Jakarta. Many people still work out in this pandemic, despite the goverment ruling down all activity

Indeed, not all cities in China were isolated during the Corona pandemic, but Wuhan is lockdown completely because it is the center of the spread of the virus in China. The lockdown in Wuhan is very different from the one in Jakarta, which is PSBB (large-scale social restrictions) with a work from home campaign and no noise. The Indonesian government has not yet done a lockdown for Jakarta on the grounds that costs touch the 550 billion figure per day.

Surely China will soon recover from the economic slowdown and contraction due to the Corona pandemic. because China took some good steps.

China uses a scientific approach in overcoming the coronavirus pandemic and acts quickly through a control mechanism to break the chain of the spread of coronaviruses and cure corona patients by building two corona specialty hospitals within six days. China has a very strict prevention and control policy. Panic buying is minimized by measurable policies such as prohibiting the business world from raising the price of daily necessities and imposing penalties for violators.

China continues to maintain economic stability amid the coronavirus outbreak. while maintaining the flow of goods for the needs of corona handling and daily needs remain normal. Some provinces that are not too affected donate food needs to other provinces. One-to-one assistance mechanism. When a virus is spread, the participation of all parties is involved in handling the virus. Through this strategy, one province must help other provinces affected by corona. The culture of hard workers and the strong unity of the social system in China are two influential variables in the successful handling of outbreaks in China. In addition, adherence from the Chinese community to respond to government instructions to remain at home, also an important contribution in accelerating the handling of the virus.