China will rule world as economy king after crisis end?

[naaimmd]

If we compare China with the United States now, there are a lot of interesting things that can be noticed. Chinese economy came under tremendous stress, but there was no news of mass layoffs and economic collapse. But within the initial few weeks, millions have become unemployed in the United States and the economy is near breaking point. This just shows that which economy is more resilient.

Just because we don't know about mass unemployment in China doesn't mean it isn't there. Government-controlled media can only provide information that reflects the government's position.

Even then, the official numbers are bad. Unemployment in China is still hovering just below February levels, which were the highest unemployment levels on record. https://www.wsj.com/articles/coronavirus-ravages-chinas-economyand-its-just-getting-started-11587122990

Joblessness has emerged as an additional worry, soaring from a narrow range around 5.0% in recent years to 5.9% in March—after a record 6.2% in February.

Though officials said Friday that China hasn’t suffered large-scale layoffs despite the pandemic, economists estimate as many as 80 million people—roughly twice the population of California—have lost their jobs or not been able to return to work in the past three months, in a working age population of roughly 900 million.

Larry Hu, an economist at Macquarie Group, said he expects joblessness to rise by another 10 million in the coming months unless Beijing enacts a major stimulus.

90 million people losing their jobs sure sounds like mass layoffs to me.

Thats huge number of people are losing job i don't know how our life will be after this pandemic over.

[wozzek23]

I agree wholeheartedly, we are talking about a country that literally jails people and harvest their organs, I am sorry but there is no way that they allow an information like this to go public neither.

If there was layoffs which I think there was, we wouldn't know about it, this is China and they had a lot more deaths than they said they had yet we do not know about it because they do not tell about it. People actually blame china for this virus because they didn't get proper defenses for it neither, they just let it be, so there is no way something that came out of china to ruin the world this much but didn't hurt china at all, it started there so it means they must be hurt even more than any other place on earth, but somehow they have no economical problems and less death than 5 other countries? I don't believe it.

[Vishnu.Reang]

I agree wholeheartedly, we are talking about a country that literally jails people and harvest their organs, I am sorry but there is no way that they allow an information like this to go public neither.

That's the way it works in China. Even worse things happen in countries such as Saudi Arabia and Kuwait, yet we see very few "activists" protesting against it. Why selectively target China? Why not the Arab nations, or the African dictatorships? The Saudis even managed to head the United Nations Human Rights Council (UNHRC). Can you believe it? I am not supporting China, but just pointing out the ironies.

[naaimmd]

I agree wholeheartedly, we are talking about a country that literally jails people and harvest their organs, I am sorry but there is no way that they allow an information like this to go public neither.

That's the way it works in China. Even worse things happen in countries such as Saudi Arabia and Kuwait, yet we see very few "activists" protesting against it. Why selectively target China? Why not the Arab nations, or the African dictatorships? The Saudis even managed to head the United Nations Human Rights Council (UNHRC). Can you believe it? I am not supporting China, but just pointing out the ironies.

well, coronavirus fund in china that's why every country blaming china not other country and right now 170k+ people are dead because of coronavirus. if you are a resident of the USA who you will blame for coronavirus? because you can't blame nature even if this was coming from nature you will need to put blame someone so no one can blame you it's really simple. this is just my opinion.

[camito]

As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.

We have heard the competitiveness of China in terms of economy. We know how much it competes with Europe and America, even in some parts of Asia like Japan and Middle East. It is hard to make a statement so easily regarding China taking over America's place or title. Many have beeb criticizing China because of its cunning ways on how it improves its current state overtime. Even COVID-19 is doubted as the sole reason for the falldown of Europe because there is an investigation regarding it being created in the Wuhan Biolab.

Nevertheless, I think America is tough. Not only does it make use of its large area and natural resources but they also have greater human resources in different fields, most especially in economics. So I think, it is not yet safe to say that China is slowly taking over America's title.

[TIDOVEE]

Anyway, by report it was said that the pandemic itself is in the concept of the power tussle between China and that USA. We know both contries as very powerful but I have always seen China as great in world economy power. It doesn't mean that the U.S is not great in some other aspect what has made US the most powerful is more than economy but China is respected in their aspect of Production. I just wish the position would just be attained by merit and not by strive.IMO

[Viscore]

Probably because China has been very efficient in improving their economy, they compete with the US and now it seems like they win on this battle against the corona virus. US being the most developed country has now suffered, and after this pandemic, for sure, they'll struggle to recover and maybe that's the time that China will dictate their terms.

[Maestro75]

As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.

Anyone who thinks that the US will take this thing easy lying low with China is joking. Such a person does not know the mindset of the Americans. There will be a time for revenge on the Chinese. Donald Trump has a plan B, I can tell you that. More so there is a bit of hatred building up against China by the rest of the world for causing the outbreak and hiding it. Therefore many countries will not want to do business with China, even after this outbreak is over.

[Gozie51]

Probably because China has been very efficient in improving their economy, they compete with the US and now it seems like they win on this battle against the corona virus. US being the most developed country has now suffered, and after this pandemic, for sure, they'll struggle to recover and maybe that's the time that China will dictate their terms.

This is the challenge for America really because China has started most of their businesses while America is still battling with the problem. The economic power tussle between China and America is something that has been long. We are hoping that everything is resolved

[FanatMonet]

China will have a strong position, but it’s not worth talking about its dominance, in the present world everything is very interconnected. If China does not have markets for goods represented by Western Europe and North America, they will not be able to dominate.

[imstillthebest]

China will have a strong position, but it’s not worth talking about its dominance, in the present world everything is very interconnected. If China does not have markets for goods represented by Western Europe and North America, they will not be able to dominate.

yes i agree on it .  china dont all have the resources but other countries have it  ( every other countries rather ) .

 what china have now is that they can now freely move or work to create some useful tools for the virus  . this is the reason why people said china is now going to be a new ruler  but this is nothing  . once virus was over , china will look small again i believe  .  no one ruled the entire wolrd before afaik but all countries have different strenghts and weakneses  .

[xSkylarx]

As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.

This pandemic has been ruining a lot of lives and even affecting the global economy. Lots of people have been dying and it has changed our way of living but despite everything, I don't think China would take over huge countries' economies like the US or even Europe. It still has a lot to go through or to prove. I believe that if things would get better, these countries will still recover.

[abhiseshakana]

China will have a strong position, but it’s not worth talking about its dominance, in the present world everything is very interconnected. If China does not have markets for goods represented by Western Europe and North America, they will not be able to dominate.

yes i agree on it .  china dont all have the resources but other countries have it  ( every other countries rather ) .

 what china have now is that they can now freely move or work to create some useful tools for the virus  . this is the reason why people said china is now going to be a new ruler  but this is nothing  . once virus was over , china will look small again i believe  .  no one ruled the entire wolrd before afaik but all countries have different strenghts and weakneses  .

China is a country with great strength, but it also has various important weaknesses including:

Unfavorable demographic profile. The Chinese workforce peaked in 2015 and has passed the point of profit, the population is getting older, China will face rising health costs that will burden the Chinese economy significantly and worsen growing inequality.

Second, China needs to change its economic model. Expansion through exports can no longer be tolerated by its partner countries because mutualism is very small. Subsidies for state-owned enterprises, and the imposition of intellectual property transfers that enable China to profit in certain fields it controls. Deficiencies in the rule of law have diminished the interest of foreign investment and reduced international political support that is often provided. The high level of government investment and subsidies for state-owned enterprises has disguised inefficiencies in capital allocation.

The Leninist model fits perfectly with the Chinese imperial tradition, but rapid economic development has changed China and its political needs. China has become an urban middle-class society, but the ruling elite has remained trapped in old political thought. They believe that only the Communist Party can save China and therefore every reform must strengthen the Communist Party's monopoly on power.

China has long been calculating its internal and external conditions, so it has long been made a grand strategy framework to overcome China's domestic problems. Starting from colonialism 5.0 through the OBOR program everything aims to resilient China in the future. Becoming a big country is not only hope but a necessity considering the burden of the population that is borne by China is also large.

In the future, China will become increasingly important, and US-China relations will become a cooperative competition. No country, including China, is likely to surpass the US in overall power in the next decade or two, but America must learn to share power because China and other countries continue to gain power.

[Snappycoco]

They surely will. They are the only country who imposed strict lockdown not like U.S. and as we all know U.S.A. is now in the brink of collapsing in terms of economy.

[brotherwood12]

its still conspirasy yet , but i think before the pandemic begin china was half rule the world , with everything are made in china
they are good at making something with lowest cost so they can sell it lower than other

[Barbut]

its still conspirasy yet , but i think before the pandemic begin china was half rule the world , with everything are made in china
they are good at making something with lowest cost so they can sell it lower than other

It would be better to say that this is just one more conspiracy theory, we have so many of them these days. I don't know who will rule after this crisis, but I assume there will be a lot of problems in the world after pandemic ends, we will probably encounter different problems, maybe even bigger ones than we have now! Chinese have a strong economy, and if they play everything right they can climb on top.

[Averim]

China made an international attractive imigy by helping europeans, i guess this time they will have a heavy word in this area of the world to. Probably China will not rule the global economy because countries will change their behaviour and will start to produce the basics in need.

[FlightyPouch]

As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.

Well despite the struggling of US And China to the current pandemic, I guess China will still in that position lower than the US. It has a long way to go, as they said it. Also, the pandemic is still bringing new problems to the country as new asymptotic cases are blooming last week.

[princesspoppy]

It is China from where the virus started and the first country to recover from it. Now that the virus spreads all over the world and it seems that the government of each country are experiencing chaos and are not firm with their decisions whether to release the lockdown for their economy to recover and grow or to wait until the virus is fully controlled, here's China taking advantage on making its economy grow even more. They even have the guts to make research facilities in the West Philippine Sea. Well, they are really something. Their reputation are going down from their products, to this virus, and everything they do to make their economy grow. They may lead the economy for now, but as soom as America and Europe recovers, it will surely come back to normal where US leads the global economy.

[abhiseshakana]

It is China from where the virus started and the first country to recover from it. Now that the virus spreads all over the world and it seems that the government of each country are experiencing chaos and are not firm with their decisions whether to release the lockdown for their economy to recover and grow or to wait until the virus is fully controlled, here's China taking advantage on making its economy grow even more. They even have the guts to make research facilities in the West Philippine Sea. Well, they are really something. Their reputation are going down from their products, to this virus, and everything they do to make their economy grow. They may lead the economy for now, but as soom as America and Europe recovers, it will surely come back to normal where US leads the global economy.

The COVID-19 pandemic brought a new dimension beyond measure, both to human life and interactions between countries, this pandemic seemed to be a complement to the trend of deglobalization in the last few years.

In the midst of a lack of global leadership, we can observe the emergence of a debate between the effectiveness of authoritarian and democratic governance models in dealing with outbreaks. Although the democratic and authoritarian government model has many variants and the efficiency of handling the outbreak is more related to state capacity. This issue is framed in the context of competition "the United States model" and "the Chinese model".

One example of a developing narrative is how the system is Authoritarian governments have led to the outbreak of a pandemic due to a lack of transparency, but it has also become the system of government that looks the most able to quickly resist the spread of the impact of the pandemic. On the other hand, bureaucratic hassles experienced by countries such as the United States, Britain, Indonesia, and the Philippines, where disharmony between the center and the regions can be a barrier to rapid response. Competition in the governance model is also followed by competition in the resilience of the economic model. It is not impossible for repercussions to arise in the form of mutual accusation and blame, increased suspicion and mistrust, or even the intention to punish one another.

Countries can take advantage of the current momentum to carry out the decoupling process, reducing the interdependent stickiness which has so far prevented large countries from hurting each other. Geopolitical considerations can re-infiltrate the country's choice of technology infrastructure, such as 5G, whose they will adopt. Countries need to be increasingly aware of the existence of certain parties who are trying to take advantage of opportunities to strengthen their geopolitical position or do not care about the crisis caused by the COVID-19 pandemic. Areas that are vulnerable to confrontation such as in the Middle East, Eastern Europe, the Korean Peninsula, or the South China Sea still need to be on surveillance radar.