China’s economy is contracting and this is not good for the global economy.

[Subbir]

China will never fall under a financial recession They keep their information confidential to everyone within the world As China may be a developed country within the world more deals are through with China within the commercial field. But you've got rightly said that the Chinese economy is contracting and it's not good for the worldwide economy because the economies of every country are so constrained how they're going to be ready to trade if they're spending many days in crisis.

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[camito]

CHINA'S ECONOMY contracted 6.8% during the first three months of the year from the year prior – representing the country's first and largest reported economic decline since it began formally reporting data in the 1990s.

I have till date believed that the Chinese economy was going to remain strong despite the virus crisis, but I’m stunned to see that their economy is contracting, and I believe this will impact each and every country’s economy who trade a lot with them. Furthermore what do you’ll think that China should do at this stage to arrest this fall, and most importantly do you’ll believe that they’ll be able to repair their economy?.

Source:

https://www.usnews.com/news/national-news/articles/2020-04-17/chinese-economy-contracts-68-as-coronavirus-cases-revised-higher

I never thought of actually coming up with this news. We have known China's independence when it comes to their economics status and they never failed to show us its strength. We even saw a light scratch only on their economy durint the virus. So now, hearing a 6.5% decline is shocking. It can affect other countries as well causing economic depression but hopefully, not only China but all other affected countries will heal itself and build itself again.

[tvplus006]

I believe that you needlessly worry about the Chinese economy) The country has almost won the coronavirus pandemic. And its industry will soon be operating at full capacity. And given that other countries still have a long way to go before the end of the pandemic, China will now become the main supplier of industrial goods to all countries of the world.

Lol, you realize that if the other countries are suffering, the factories in China running at 101% makes ZERO sense?
Yeah, they've recovered, they are going back to work..to whom will they sell all they produce?..

Demand for Chinese products has decreased and the reasons for this are clear to everyone. And now China is busy supplying medical equipment and medicines to fight coronavirus to many countries around the world, while these countries are sitting in quarantine. And when we compare the volume of China's exports, we forget that other countries will have even lower figures and, consequently, losses will be greater than China's. Because everything is known in comparison.

[strunberg]

I believe that you needlessly worry about the Chinese economy) The country has almost won the coronavirus pandemic. And its industry will soon be operating at full capacity. And given that other countries still have a long way to go before the end of the pandemic, China will now become the main supplier of industrial goods to all countries of the world.

Lol, you realize that if the other countries are suffering, the factories in China running at 101% makes ZERO sense?
Yeah, they've recovered, they are going back to work..to whom will they sell all they produce?..

Demand for Chinese products has decreased and the reasons for this are clear to everyone. And now China is busy supplying medical equipment and medicines to fight coronavirus to many countries around the world, while these countries are sitting in quarantine. And when we compare the volume of China's exports, we forget that other countries will have even lower figures and, consequently, losses will be greater than China's. Because everything is known in comparison.

many countries worry chinese product could be the corona carrier to their countries.. and some of them prefer to closed import from china till condition recovered again. but its not only the reason why chinese product decrease alot in international trade, another countries also suffered big negative impact fro covid 19 virus. maybe they will reallocate budget allocation in this pandemic and save the citizens.

[HeRetiK]

Demand for Chinese products has decreased and the reasons for this are clear to everyone. And now China is busy supplying medical equipment and medicines to fight coronavirus to many countries around the world, while these countries are sitting in quarantine. And when we compare the volume of China's exports, we forget that other countries will have even lower figures and, consequently, losses will be greater than China's. Because everything is known in comparison.

many countries worry chinese product could be the corona carrier to their countries.. and some of them prefer to closed import from china till condition recovered again. but its not only the reason why chinese product decrease alot in international trade, another countries also suffered big negative impact fro covid 19 virus. maybe they will reallocate budget allocation in this pandemic and save the citizens.

I doubt that many countries see chinese products as corona carriers since the risk of the virus remaining active after international transport are pretty much nil:

Is it safe to receive a package from any area where COVID-19 has been reported?

Yes. The likelihood of an infected person contaminating commercial goods is low and the risk of catching the virus that causes COVID-19 from a package that has been moved, travelled, and exposed to different conditions and temperature is also low.

SARS-CoV-2 was more stable on plastic and stainless steel than on copper and cardboard, and viable virus was detected up to 72 hours after application to these surfaces (Figure 1A), although the virus titer was greatly reduced (from 103.7 to 100.6 TCID50 per milliliter of medium after 72 hours on plastic and from 103.7 to 100.6 TCID50 per milliliter after 48 hours on stainless steel). The stability kinetics of SARS-CoV-1 were similar (from 103.4 to 100.7 TCID50 per milliliter after 72 hours on plastic and from 103.6 to 100.6 TCID50 per milliliter after 48 hours on stainless steel). On copper, no viable SARS-CoV-2 was measured after 4 hours and no viable SARS-CoV-1 was measured after 8 hours. On cardboard, no viable SARS-CoV-2 was measured after 24 hours and no viable SARS-CoV-1 was measured after 8 hours (Figure 1A).

Unless you share a border with China, Chinese products will usually travel for weeks under very unforgiving conditions until they reach their destination. Remember we're talking about what is essentially a simple piece of RNA wrapped in fat, not some extremophile survivalist bacterium.

What I do believe is that the trust in Chinese health-care export has decreased a lot after several governments purchasing face masks of questionable quality [1][2][3].

[1] https://www.ft.com/content/f3435779-a706-45c7-a7e2-43efbdd7777b
[2] https://www.abc.net.au/news/2020-04-04/china-coronavirus-covid-19-medical-supplies-recalled-regulation/12105110
[3] https://orf.at/stories/3160881/ (German only, sorry)

[semobo]

The contraction in their economy is not a wonder since they are most affected in the early days from corona virus but I am seeing lot of leaders starts to blame China for exporting low quality products even in the pandemic because they are looking to make more money by using this period so many companies and countries wanted to move from China to save themselves from huge fall.

[silversurfer1958]

I don't think China has any influence on the global economy. As we all know, China has not yet escaped the middle-income trap. The Chinese economy has been growing rapidly in the past 10 years because many multinational companies have set up factories in China to take advantage of cheap labor. But when the trade war between the US and China took place, companies tried to move factories out of China to other countries like Vietnam, India and Mexico. As a result, China's economy will be in a deep recession and they have to create jobs for their 1.4 billion people.

[abhiseshakana]

I don't think China has any influence on the global economy. As we all know, China has not yet escaped the middle-income trap. The Chinese economy has been growing rapidly in the past 10 years because many multinational companies have set up factories in China to take advantage of cheap labor. But when the trade war between the US and China took place, companies tried to move factories out of China to other countries like Vietnam, India and Mexico. As a result, China's economy will be in a deep recession and they have to create jobs for their 1.4 billion people.

The trade war is proof that China is a great economic power challenging America, the superpower. Many bilateral trade deficits against China. This proves that China is a major economic power in the World. Besides that, as a matter of fact, China indeed dominates world trade and funding. One Belt One Road is colonialism 5.0 which is carried by China throughout the World.

The middle-income trap not only benefits developed countries but also developing countries. China would be happier if China and the partner country OBOR in the middle-income trap. Even China is keeping China and its partner countries as developing countries rather than developed countries. Because this is more profitable. With the title as a developing country, many importing countries will provide preferential tariffs so that the prices of their products are competitive in many developed countries.

Besides that China and many OBOR partner countries China already bears the title of developed countries not developing countries anymore because, at the end of February 2020, the US Trade Representative Office (USTR) crossed China and 23 other countries from the list of developing countries that automatically now hold the status of developed countries.

There is indeed a capital flight from China, even now the United States is building India like America is building China to contemplate the power of China in Asia, but the shift in the world's manufacturing centers will not really hit China, with reason. With BRI, the China project is not only domestically but in many countries which are OBOR's Chinese partners. Brillian's China strategy keeps Renmimbi spinning in China so China can print as much money as possible but the dollar enters China.

[onrise]

China will never fall under a financial recession They keep their information confidential to everyone within the world As China may be a developed country within the world more deals are through with China within the commercial field. But you've got rightly said that the Chinese economy is contracting and it's not good for the worldwide economy because the economies of every country are so constrained how they're going to be ready to trade if they're spending many days in crisis.

   
Thing may change in coming time as people would like to not depend upon one country much as we have seen what this has resulted in this turnmoil times. Also things will look much different then what it was before and in coming time the world would change for better reasons only I feel. No doubt we are in recession and things may take time to recover now and things will move out from China slowly too.