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

[SaShiRaJaVu]

~snip
And most probably the number of cases will continue to increased in this second wave. South Korea as well experienced the second surge and here in our country, second wave of cases are popping. Even those who was positive and cure became positive as well, which obviously remains a mystery for now and we have so much to learn from this virus. In the meantime, even if the quarantine has been lifted in other countries, I will still be cautious at this point though. Really hard to fight an invisible enemy.

The main problem is that the scientfic world is still studying about the virus and the extend in which it can remain in your body, the patients that were cured and then popping again is a huge concern as it shows that the virus can hibernate to such low levels that it will not show while testing and then once you are off the medication it will multiply once again.

~snip
I wrote incorrectly in my message that all patients were discharged from the hospital. This only applied to the Chinese city of Wuhan, where the coronavirus pandemic began last year. I read the news on this topic here: China says all coronavirus patients in Wuhan have now been discharged

I am not buying what they claim, do you seriously think that only 4632 people lost their lives due to this pandemic in China while the rest of the world is struggling to contain the spread and around two hundred thousand people lost their lives in the past few months and the numbers keeps on increasing daily, if they really contained the virus they must know something where the rest of the world is unaware. I am not going into the conspiracy of China creating the virus but how they were able to contain the virus and what are the real figures on the number of patients and their treatment methods and how many lost their lives.

[NJ89]

I am not buying what they claim, do you seriously think that only 4632 people lost their lives due to this pandemic in China while the rest of the world is struggling to contain the spread and around two hundred thousand people lost their lives in the past few months and the numbers keeps on increasing daily, if they really contained the virus they must know something where the rest of the world is unaware. I am going into the conspiracy of China creating the virus but how they were able to contain the virus and what are the real figures on the number of patients and their treatment methods and how many lost their lives.

I do agree with most of this, but a lot depends on how you count your deaths as well.

For example, Belgium has a huge amount of deaths per capita, but they take into account any suspected death. About 50-70% of their deaths was not confirmed by tests.
Different countries have different ways of counting and it makes it very hard to compare...

[jalxyx]

Asian people are very creative and usually find incredible solutions for uncommon problems. China will meet no economical crush, not even after the second covid wave.

i am asian, but im nt sure what kind of solution right now only lockdown and hope the vaccine as fast as it done

Asian here as well. I don't think that Asia is faring any better when compared to the rest of the world. Anyway, I just want to warn you about this hype regarding the vaccine. As of now, we don't have a vaccine although several of the pharma giants are working on it. Even if they come up with a vaccine, the testing and approval phase can take anywhere from 6 to 18 months.

we also know this, to produce vaccine need more time, at first it must testing by clinical an non clinical. After then we have a good volunteer to test the vaccine. Hope that this virus no longer on this world

[bits4books]

It is worth considering that China does not exist solo in the Earth.
As in the last century, unfortunately, we have a bipolar world again.
If China will start to have real problems it will start get money from people and corporations intensively (and there are many of them in China), go to its neighbors for mutually beneficial help (there is Russia nearby, you know?), and start dumping the market again, as in the past decade.
But at the same time, China will pull create another one financial crisis. Think of the mortgage crisis of 2008 and think about whether you want China to die so abruptly or not

[exstasie]

Things aren't looking great for China. A report came out yesterday estimating 20.5% unemployment, a 3.5x increase over the official government numbers. This would put them on par with the US.

https://www.bloomberg.com/news/articles/2020-04-27/china-brokerage-retracts-estimate-that-real-jobless-level-is-20

As many as 70 million people could have lost their jobs due to the economic fallout from the coronavirus pandemic, translating into an actual unemployment rate of around 20.5%, a group of three analysts from Shandong-based Zhongtai Securities wrote in a report dated April 24.

The surge in unemployment was due to the outsize impact of the pandemic on services and small businesses, which provide the bulk of job opportunities, they said.

The official surveyed jobless rate was 5.9% in March, down from the record-high of 6.2% in the first two months of the year, according to data from the National Bureau of Statistics.

Why the retraction? Because they aren't allowed to disagree with Beijing:

The report became inaccessible on social media Monday. One of the report’s authors, Zhang Chen, said by phone that it had been retracted.

“Zhongtai’s attitude is that we should go by the official figures for unemployment,” Zhang said.

I'm pretty confident these numbers are closer to reality than the official ones.

[mersal]

China already earned lot of hates from different countries due to the poor quality products which they have exported and also US starts accusing China directly for their shady behaviour and also they are not allowing any researchers to to some essential research to find vaccine for covid 19 so they no need second wave to crush their economy, they are already facing issues in their economy and after pandemic ends no countries will import Chinese products.

[Bobby park]

It is not possible to collapse the economic of China, even the Corona virus is came from in Wuhan one of the largest and developed city in China. The destruction of corona virus is less compared to other countries like America, Italy, and Spain etc, it is because they have already a vaccine and also they have advance technologies to prevent widespreading of viruses.

[andisuk]

if for China, they can solve economic problems quickly because obviously there are many countries in the world that take debt from China and it certainly has become a sense of security for them to overcome all the crises that occur, just as they build hospitals for the corona case that done in a very short time

[joinfree]

I think it's too early to call for a possible second wave of Corona virus due to the recent emission of new cases. I believe the health industry of China has better equipped themselves by now to be able to deal with any rise in the  cases of COVID 19. China has done a great job in curtailing the previous one and I am not sure they would really let another wave of this virus swamp them easily.

[FanatMonet]

It is not possible to collapse the economic of China, even the Corona virus is came from in Wuhan one of the largest and developed city in China. The destruction of corona virus is less compared to other countries like America, Italy, and Spain etc, it is because they have already a vaccine and also they have advance technologies to prevent widespreading of viruses.

But it is worth noting that the coronavirus in China did not inflict serious blows on the financial centers of the country, such as Shanghai, Guangzhou, Hong Kong. And this is rather strange, because Wuhan was not closed very quickly, and China has a very high population density.

[Asusnumbaone]

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

Corona virus is deadly as we thought it can affect human body and it is easily to transmit to one another. China because of lack of resources in their country they ate what is available in their environment and unfortunately they discovered a virus that can destroy human and breakdown the economic of affected country

[Sirait]

I believe China have anticipated a second wave of this epidemic, the system they implemented is very good, though I'm not sure China is honest with the number of their patients as Donald Trump said

seeing from the way they successfully handled the first wave of this outbreak then the second wave will be easy for China

[South Park]

Either way, China wouldn't gain anything from disabling the world economy. On the contrary, if the world economy is doing bad, an export country like China is going to be among the worst hit. I think that might be the big blow to the Chinese economy.
Everyone is buying the FFP2 masks that are being produced in China now, but every country in the world is reconsidering outsourcing to a faraway country, China being one of the biggest. The "Made in China" label will probably be less common in the next decade or so. They survived SARS and MERS, but I'm not sure if they will survive COVID.

Over the long term I think this is going to be one of the main reasons why the Chinese economy is going to slow down, for a very long time countries all over the world have decided to export their manufacturing sector to China because it was cheaper but now they are realizing that in the case of the crisis they are completely dependent on a foreign country to supply what they need and I'm sure that many countries are going to reconsider that position on the following years affecting China in the process.

[Sanugarid]

I believe China have anticipated a second wave of this epidemic, the system they implemented is very good, though I'm not sure China is honest with the number of their patients as Donald Trump said

seeing from the way they successfully handled the first wave of this outbreak then the second wave will be easy for China

With the world on a huge problem right now, China seems to be all right even the virus originally came from Wuhan. I'm not questioning things now, but as I read Trump's statement earlier ( although it was not really clarified) I think it again that maybe China really made the virus that's why they are ready and look prepared with it. Trump's said that they were able,  "I don't understand how traffic, how people weren't allowed into the rest of China, but they were allowed into the rest of the world. That's a bad, that's a hard question for them to answer.", I don't know what to believe now.

[kapalmabur]

I think China will be fine if there is a second wave of Corona Virus attacking them again, moreover from China's actions in handling this epidemic is very good, it looks like they have closed down many hospitals, hopefully there will be no second or third wave, because it will cause problems for the world again

[jalxyx]

I think China will be fine if there is a second wave of Corona Virus attacking them again, moreover from China's actions in handling this epidemic is very good, it looks like they have closed down many hospitals, hopefully there will be no second or third wave, because it will cause problems for the world again

There is no second wave i think, could you give me any link that related to predict about second wave? But, even second wave occur, we're not donkey right? we can survive with our knowledge and experiences

[ololajulo]

I think China will be fine if there is a second wave of Corona Virus attacking them again, moreover from China's actions in handling this epidemic is very good, it looks like they have closed down many hospitals, hopefully there will be no second or third wave, because it will cause problems for the world again

There is no second wave i think, could you give me any link that related to predict about second wave? But, even second wave occur, we're not donkey right? we can survive with our knowledge and experiences

China is still gradually opening the country and are closely monitoring the infection and possible spread. Am afraid the trend may still be kept secret from world, however, there is a news that no one is held in the hospital in wuhan for Corbid in the last 5 days. No form of verification and more countries seem to be making it political and keep information on the spread or some hiking the figure to collect international fund.

[Ridwan Fauzi]

I think China will be fine if there is a second wave of Corona Virus attacking them again, moreover from China's actions in handling this epidemic is very good, it looks like they have closed down many hospitals, hopefully there will be no second or third wave, because it will cause problems for the world again

I think no, China has failed to handle this pandemic. If they're good to handle this virus there won't be any countries who affected. I mean, the virus will not be spreaded to another country, there will just in wuhan. The current economic situation is bad, you have to see there will be many companies who got bankcrufted in China. And maybe it needs several months to get economic back and run normally.

[BChydro]

China already earned lot of hates from different countries due to the poor quality products which they have exported and also US starts accusing China directly for their shady behaviour and also they are not allowing any researchers to to some essential research to find vaccine for covid 19 so they no need second wave to crush their economy, they are already facing issues in their economy and after pandemic ends no countries will import Chinese products.

The biggest mistake other countries made is to expect high quality products from China  , they are known to make low quality products and if you are counting on them then you need to think twice and this will be an eye opening for many as they will manufacture the products on their home soil next time rather than going for more profits by outsourcing it to China and accept an inferior product.

[Febo]

I saw GDP growth predictions yesterday and China had 1.2% growth fro 2020.  What is quite nice. Most countries will have 5% drop of GDP in 2020. Some countries that highly depend on tourism even 10%.  So I would not be so worried for China. But extremely worried for touristic countries. Even in 2021 people will be cautious with travelling.