Post
Topic
Board Economics
Re: China economy and how they handle Covid-19.
by
abhiseshakana
on 06/07/2020, 06:21:53 UTC
China, once the epicenter of the COVID-19 pandemic, appears to be turning a corner. As the number of reported local transmission cases hovers near zero, daily life is slowly returning to normal. However, economic data from the first two months of the year shows the damage done to the country’s finances. But we already know that China is one of the biggest country they can recover easily compare to the 3rd world country.

The difference between China and developing countries and poor countries is the ammunition (read: money). China is accustomed to printing money based on projects, so the mechanisms and systems are neatly organized, so as long as there are multi-layered and productive projects, money is readily available, and licensing is made easy. For those when the total lockdown of the Chinese government is not confused the problem of budged is different from developing and poor countries. In addition, China's multistreaming income is also large because the majority of trade is surplus, in addition to the country's foreign exchange reserves, are also large, so that even though the economy had contracted, but China remained strong. While many in developing countries have started to have a discourse on printing money but are still confused about its practices and applications.

While what distinguishes China from other countries in dealing with corona is experience. Something that doesn't kill you will make you stronger. The bird flu virus that is believed to have been created to weaken China actually creates spectacular experiences so that they have a planned, systematic, and modern emergency response in the face of the next pandemic. If compared to the human body, China now has a strong defense (antibody) against disease.