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What does the coronavirus mean for China’s economy? | CNBC Explains

February 27, 2020


In 2018, Microsoft co-founder Bill
Gates gave an ominous warning that, “The world needs to prepare
for pandemics in the same serious way it prepares for war.” Two years later, an outbreak of
a coronavirus in Wuhan, China, gripped the world as the death toll
and infection count grew by the day. The first string of infections was reported
to the World Health Organization’s China office on the last day of 2019. “Declaring a public health emergency
of international concern.” The international agency then declared
a global emergency a month later. The rare designation allows it to mobilize
financial and political support to contain the virus’ spread. Less than two
months after it was first reported, the virus had infected more
than 75,000 people worldwide and killed more than 2,000. So, what happens when a
completely unforeseen event shocks the world’s second largest economy? The disease, which is now officially called
COVID-19, appears to have originated from a seafood market in Wuhan, China,
where wild animals were illegally traded. To date, at least 25 countries have reported
cases of COVID-19, including the U.S., U.K., India, Japan and Singapore. However, despite its spread, the WHO still
considers the new coronavirus an epidemic and not a pandemic, which is defined as an
ongoing epidemic on two or more continents. The timing of the outbreak was a
double whammy for China’s economy. The country was in the midst of an ongoing
trade war with the United States that was already slowing down growth. It also took hold before the busy
Lunar New Year travel season, when hundreds of millions of people
normally travel home to celebrate with their families. At least 10 Chinese cities were locked
down in late January as authorities attempted to contain the new virus,
leading to the cancellation of flights, events and the closure of venues. So, how exactly has business
been impacted in China? Businesses across the nation were
already winding down operations in the lead up to the Lunar New Year
holiday, which lasts for a week. But that closure was extended
in the wake of the outbreak. This affected restaurants and stores, too as
the government discouraged mass gatherings. Businesses and factories in at
least 24 provinces, municipalities and other regions were told not to resume
work until February 10 at the earliest. Together, these hubs account for more than
80% of China’s GDP and 90% of its exports. At the same time, thousands of flights
from more than 50 airlines including Delta and British Airways were cancelled, as governments
imposed travel restrictions to and from China. Domestic rail trips plummeted more than 75%,
while its tourism industry is in a tailspin as the Chinese stay home and
foreigners avoid the country. Even in Disneyland, the nightmare is
creeping in as its theme parks in Shanghai and Hong Kong were closed. Disney warned it’s expecting to take a $175
million hit if the parks stay closed for two months. China’s box office, meanwhile, which is
highly lucrative for Hollywood, took an estimated $210 million
beating on what was expected to be a gangbuster weekend. All seven films scheduled for release over
the Lunar New Year holiday announced they were pulling screenings. In fact, China’s box office revenues
plunged to less than $4 million this year from $1.5 billion last year
over the same 20-day period, commencing on the eve
of the Lunar New Year. And it’s not just the consumer landscape
that has been severely disrupted. The fallout from the virus has essentially
isolated the world’s largest population from the rest of the world, disrupting worldwide
trade and supply chains in the process. In the weeks following January 20th, ship
activity at China’s major ports fell 20%. Even oil prices have fallen as
demand weakens in China, the world’s largest importer of oil. Automakers from Nissan to Honda and
American giants Apple and Nike all have massive operations in China
that have been impacted as well. To understand the magnitude of COVID-19, it
might be useful to look back at the SARS outbreak 17 years ago, which infected more than
8,000 people worldwide and caused nearly 800 deaths. COVID-19 and SARS come from
the same family of coronavirus. But the number of COVID-19 cases
has quickly outpaced SARS. This graph, which shows
the 30 days following the WHO’s first reports on the outbreaks,
shows the dramatic difference. However, despite already clocking
more deaths than SARS, initial figures from the government
suggest that of the total confirmed cases in China, between 2-3% have died. The WHO placed
China’s case fatality ratio for SARS at 7%. From the first to second quarter
in 2003, China’s real GDP growth plunged by 2 percentage
points as a result of SARS. And growth in China slowed from 8%
year-on-year to 5% during the outbreak. But one major thing is different now. China’s economy in 2003 during the SARS
outbreak was much smaller than what it is today. Just look at how China’s economy has grown. It made up about four percent of
global GDP in 2003. That’s grown to more than
15 percent in these 17 years. China’s annual economic output has surged
from $1.7 trillion to nearly $14 trillion, while its economic output per person has gone from nearly $1,300 in 2003,
to more than $9,000 in 2018. China has also been the world’s largest
exporter for more than a decade, with many countries such as Japan and Vietnam
very reliant on the Chinese supply chain. China is much more intertwined to the world
economy than ever before. Because of this, the global economy – not
just China – will feel the impact of the virus. While it’s too early to know exactly how
dramatically China’s economy will be impacted, economists and companies alike have
sounded multiple warning bells. One IHS Markit report summed it up well, saying: In 2019, China’s economy grew just 6.1
percent thanks in part to the trade war. It was the country’s weakest
growth in nearly 30 years. Still, as a result of the virus,
numerous banks and research houses have downgraded China’s GDP growth
forecast for 2020. Some have even warned that China’s economy could enter a technical
recession – that’s defined as two back-to-back quarters of negative growth. And some
even worry it could spread globally. China’s government has poured billions of
dollars into the financial system as it attempts to restore investor confidence and
minimize the economic fallout, among a slew of emergency measures.To minimize
job losses, the government is expected to approve tax relief and subsidies
for sectors that have been impacted by the virus. And China’s central bank announced
measures aimed at lowering borrowing costs and easing financial strains on affected industries.
However, some analysts remain unconvinced that Beijing’s monetary and fiscal policy
measures will work in the near-term. As the outbreak unexpectedly upended
normal business operations across China, its overall impact on the economy is likely
to be analyzed for decades to come.

100 Comments

  • Reply Pop February 26, 2020 at 1:51 pm

    Can you imagine making a video about this like it's over.
    It's just getting started.

  • Reply Francis Lim February 26, 2020 at 1:55 pm

    During severe winter,animals like the tree squirrels and underground animals survive well although it’s tough,they had stored up rations save up during the good times in Summers,so too is China,with lots of savings and conservative mentality she can ride the storm,unlike America,where no savings are in place yet having huge debts whilst enjoying life on borrowed money.

  • Reply The Pale Horse February 26, 2020 at 1:58 pm

    You can thank Bill gates and the "WHO" for the "corona"… go and check out before it's taken down. " "Bill Gates & WHO Billion Dollar Coronavirus Secret Leaked Out…It’s Not What You Think!"

  • Reply Rasm gaming February 26, 2020 at 2:01 pm

    That's what you call karma!! For the Chinese expansionism and bullying weak country!!! Greedy chinise communist party is the real evil and the people of china now punish bcoz of this evil CCP!

  • Reply Unprincipled CHNOPS February 26, 2020 at 2:20 pm

    The world should be able to bounce back, eventually. And I hope by the end of it, every country become less dependent on China for their import and export.

  • Reply Johnny Tran February 26, 2020 at 2:21 pm

    In other news trump just shipped all of chinas child labor to india.

  • Reply FREEDOM February 26, 2020 at 2:57 pm

    Ask Trump about this virus. This is modern warfare.

  • Reply sovrngarde February 26, 2020 at 3:04 pm

    Funny that human were beat down to something they cannot see

  • Reply GoldBlockCareer February 26, 2020 at 3:13 pm

    I don't get why people get upset over how the corona-virus affects the economy. It has a direct effect on the well-being of the people, with less economic activity everyone's worse off, people NEED money to subsist, especially in China. In addition to this, people are dying from this virus, we need running hospitals, medical staff more than ever and all this costs money, people don't risk their lives working for free. It's much more complex than emitting a negative opinion on why everything is economy-based.

  • Reply royal clark February 26, 2020 at 3:17 pm

    Theory: the Chinese government spread this virus in order to decrease their population. They thought that they would be able to contain the virus within their border but failed. Now it has spread like wildfire! They have a plan for their economy that’s why they took the risk. Why do you think they were so upset when that doctor informed the public of the new virus. It’s only affected elders and those who were already unhealthy or disabled. This is their target demographic to make more space for those who can “progress” the country. Now they have a lot to clean up!

  • Reply levoi February 26, 2020 at 3:19 pm

    The worst part about it being in China: I will not get my stuffies

  • Reply Li On February 26, 2020 at 3:30 pm

    Make in China 2025…..Boooooooooooooooooooo

  • Reply K K February 26, 2020 at 3:37 pm

    We are already experiencing shortages in semi raw materials in Ghana. It's soo sad hope a vaccine is developed soon

  • Reply Kaustab Paul February 26, 2020 at 3:40 pm

    If China is in trouble then India's economy is like collapsed.. and USA its so enjoyable… !!!

  • Reply Big Usa February 26, 2020 at 3:52 pm

    Time for the usa to take over once again

  • Reply S Hussein February 26, 2020 at 4:00 pm

    Chinese need to stop eating bad things like birds nest, bats, dogs and snakes. They put the whole world in danger.

  • Reply Anthony Egan February 26, 2020 at 4:01 pm

    Covert 19… The other 18 did not meet Maximum Targets.. this one has Gone off the Rails… A John Belushi…

  • Reply Freedom February 26, 2020 at 4:15 pm

    Disease’s Republic of China.

  • Reply Don James February 26, 2020 at 4:23 pm

    I, for one, have become extremely bored by all the media attention to the coronavirus issue. It seems that 80% or so of ALL news feeds are about the coronavirus issue. Not that it isn't a serious issue, but it pales in comparison to the many other more serious issues facing the world.

    STOPPIT, DAMMIT!

  • Reply Desync Guild Uploads Saint Seiya Awakening February 26, 2020 at 4:38 pm

    gotta chatchem all

    by coronavirus

  • Reply xu yongsong February 26, 2020 at 4:41 pm

    中国制造果然伟大,就连病毒也行

  • Reply Vivek February 26, 2020 at 4:42 pm

    Brace for a world wide dildo shortage…will be disastrous.

  • Reply snowmanmike February 26, 2020 at 5:06 pm

    @4:42 don't believe that low figure, it's probably 100X what they are saying, look at the actions the Chinese government is taking not what it's saying (a bunch of bs to look good)

  • Reply Quest Physics February 26, 2020 at 5:11 pm

    What a stupid title. I'm sorry but you kidding me, I even got to ask that question 😂😂

    And using terms like "it may" come from bats insults the intelligence. Listen to war room pandemic if you want real facts.

  • Reply NJ Rocks Assam February 26, 2020 at 5:40 pm

    Boycott Chinese Products

  • Reply NOTORIOUS0604 February 26, 2020 at 5:43 pm

    I just want China to deliver my package 😭

  • Reply Benjamin Applegate February 26, 2020 at 5:45 pm

    The main stream media’s coverage of this is woeful.

  • Reply jaden summer February 26, 2020 at 5:51 pm

    SIGN OF BANKRUFT

  • Reply Little Apple February 26, 2020 at 6:00 pm

    Hey, gordon chang. After many many, i mean many years of failed prediction, finally there is light in the corner of your toilet. Not bright but its still light.

  • Reply Kaga Kai February 26, 2020 at 6:10 pm

    Does this mean that I'm not getting my knockoff gopro

  • Reply Conan Seibel February 26, 2020 at 6:13 pm

    If China collapses, it takes a large portion of the world with it.

  • Reply Sebastien February 26, 2020 at 6:23 pm

    The WHO is a useless irrelevant corrupt organization.

  • Reply tyrone thomas February 26, 2020 at 6:33 pm

    china is finished the satanist organization will soon be over

  • Reply avinash tangudu February 26, 2020 at 7:07 pm

    Karma

  • Reply John Wilson February 26, 2020 at 7:09 pm

    Used to be that "When the US sneezed the world got a cold". Now it's "When China sneezes the world get's an epidemic". Welcome to globalization!!

  • Reply closing channle February 26, 2020 at 7:12 pm

    I just want my best friend to come back to aus were he belongs hes stuck in china atm with his gf as shes from china and wanted him to meet her famly and now hes stuck there with all of this and i dnt even really know if hes safe im very worried i hate china give me back my best friend hes not aloud to leave conty to return home thay are force him to stay in china and i think thats sick not to let somone return to there home i get why im still pissed we have been friends for allmost 20 years now since primy school

  • Reply Kibido February 26, 2020 at 7:21 pm

    people are sick and dying and we're talking about economy

  • Reply Hrithik Das February 26, 2020 at 7:24 pm

    People: tell us about China's economic situation…

    CNBC: Disneyland is closed.

  • Reply Lolo Lolo February 26, 2020 at 7:26 pm

    خطايا المسلمين… اللهم لا شماتة

  • Reply B Brunson February 26, 2020 at 7:35 pm

    How could China be in trouble, because it’s a socialist Utopia? 🙄🙄🙄

  • Reply Ben Harris February 26, 2020 at 8:07 pm

    This shit was made in a lab it’s fact

  • Reply Alpha Centuri February 26, 2020 at 8:42 pm

    Does it need Bill Gates to tell you to prepare for a disese outbreak ? Is he your god to whom you should listen to without questioning ? No wonder why clever people make bollions out of dead heads lazy to think for themselves but instead wait to be told breathe by someone. You go to university to learn how to safeguard yourself in the event of a calamity. So for what use is the brain God gave you as an animal species ? What differentiates you from a rat ? You reminds me of a lesson my daughter learnt at her school: "In the event of a fire breaking out in the house phone the Fire Brigade and then wait for them to rescue you." What great teachers we have in our schools today !

  • Reply Noor Khan February 26, 2020 at 9:02 pm

    China tortured uygur muslims but now the table changed.

  • Reply ClaudeMagicbox February 26, 2020 at 9:33 pm

    Sure…no problem…it’s gonna be a walk in the park. That’s why the Baltic Dry index that measures international maritime freight costs per metric tons of goods has dropped -89,9% in a week. Nobody seems (or wants) to realize what is about to hit the world economy.

  • Reply YG trainer afel February 26, 2020 at 9:42 pm

    I thing it's not a good time to talk about economy right now? Are you f serious

  • Reply Rex Ronald Tan February 26, 2020 at 9:55 pm

    How to subscribe to this guy without subscribing to cnbc?

  • Reply ben Labio February 26, 2020 at 10:37 pm

    I hope this virus stops china from bullying smaller neighbouring countries by occupying them and building their military base even the world knows its not their territory to begin with. Im beginning to think this is nature’s way to fight back and let them know that they’re NOT invincible. I hope this HUMBLES china and stop occupying territories that’s not theirs! 💪🏽

  • Reply Uriel Pinon February 26, 2020 at 10:38 pm

    Probably Japan or US was jealous that China was doing better financially and spread the Virus , who knows crazy crazy

  • Reply D A February 26, 2020 at 10:54 pm

    The united states developed the virus to win the trade war quote on quote.

  • Reply Acute Incurable Chronic Reactance February 26, 2020 at 10:58 pm

    https://en.wikipedia.org/wiki/French_Revolution  ..  

    https://en.wikipedia.org/wiki/Oliver_Cromwell  ..  

    https://www.haaretz.com/jewish/.premium-1858-rothschild-becomes-first-unconverted-jew-in-parliament-1.5378868  ..  

    https://en.wikipedia.org/wiki/Dissolution_of_the_Monasteries  ..  

    https://en.wikipedia.org/wiki/Hubei  ..  

    https://en.wikipedia.org/wiki/Wuchang_Uprising  ..  

    https://en.wikipedia.org/wiki/First_Opium_War  ..  

    https://en.wikipedia.org/wiki/David_Sassoon_%26_Co.  ..  

    https://en.wikipedia.org/wiki/David_Sassoon  .. 

    https://en.wikipedia.org/wiki/Boxer_Rebellion  ..  

    https://en.wikipedia.org/wiki/Eight-Nation_Alliance  ..  

    https://en.wikipedia.org/wiki/Tongmenghui  ..  

    https://en.wikipedia.org/wiki/Sun_Yat-sen  ..  

    https://www.gouvernement.fr/partage/8936-discours-du-premier-ministre-a-la-ceremonie-d-accreditation-du-laboratoire-de-haute-securite  … http://www.centerforhealthsecurity.org/newsroom/center-news/2020-01-24-Statement-of-Clarification-Event201.html  ..  http://www.centerforhealthsecurity.org/event201/  ..  https://youtu.be/AoLw-Q8X174  ..  https://youtu.be/3uNvQdXP4K0  ..  

    https://en.wikipedia.org/wiki/Russo-Japanese_War  ..  

    https://en.wikipedia.org/wiki/Jacob_Schiff  ..

  • Reply WK Chan February 26, 2020 at 11:08 pm

    The whole world economy will be shit. The title should be impact on the world's economy.

  • Reply Alejandro Sosa February 26, 2020 at 11:36 pm

    Funny Bill Gates owns the virus patents. He's not smart , he's just one of the wicked ones.

  • Reply Vera511 February 27, 2020 at 12:22 am

    " for then there will be great tribulation such as has not occurred since the world’s beginning until now, no, nor will occur again."
    (Matthew 24:21)

  • Reply Magical 801 February 27, 2020 at 12:48 am

    It means they need to stop making s*** in labs.

  • Reply Henry Boulder February 27, 2020 at 1:00 am

    Why do I care about the Chinese economy? Get rid of your communist government and then we'll talk. I have no sympathy for a communist government that artificially pushes down the value of their currency, steals intellectual property, and operates slave labor to undercut the market……simply because their government is able to force the population to work how they want them to. Bring back the jobs from China and let them pursue their prosperity without riding off the prosperity of Democratic countries…..which they despise and actively try to undermine.

  • Reply David Bourne February 27, 2020 at 1:02 am

    It's ok though…because people don't eat money..so as long as the virus doesn't make the natural resources they have around them disappear..they should be ok.

  • Reply Freelander February 27, 2020 at 1:14 am

    Really ! When your people who make and build what you ship to other countries is dying. What do you think ? China has been putting their people in death camps for over 2 years. That’s what Bernie has in store for us

  • Reply zoezoe610 February 27, 2020 at 1:20 am

    For any economy it will be just a short interruption to any economy. People are reading far too much into it.

  • Reply S. Lee Mccauley February 27, 2020 at 1:30 am

    It means the top guys are going to get cranky and defensive. It isn't as much the loss of their people as it is the death loss of customers.

  • Reply Khan Ali February 27, 2020 at 1:32 am

    Say whatever you like China economy will continue to grow except those low tech like garment, footwear and labor intensive goods will speed up the relocated to offshore. Those companies that want to play it safe by partially have their plant in 2nd country or even 3rd county will have problem later because China sooner or later will just have to impose tax on the import. This is the time foreign companies should show their sincerity and not steering up irrational intention if they want a foot in China market.

  • Reply Tyvern Overlord February 27, 2020 at 1:46 am

    again with this market bs

  • Reply Eddie Hui February 27, 2020 at 1:50 am

    If you ask the ccp they’ll say everything is under control

  • Reply 355PH February 27, 2020 at 1:55 am

    The Honey 🍯 loving Winnie the Flu 😷 will want to get out of this as soon as possible. The last twelve months been a disaster for China. I guess it will get a lot worse when Trump gets re-elected.

  • Reply JPD February 27, 2020 at 2:08 am

    Disney is complaining about $175M? Jeez disney that's probably like me losing $5

  • Reply EivenKim ちわ:D February 27, 2020 at 2:28 am

    This is absotule karma, why to ear wild animals.. so stupid. Keep eating meat, like its a gourmet.

  • Reply Eshwara Shawn February 27, 2020 at 2:44 am

    Who cares about China economy. The World must understand not to depends on China economy.

  • Reply Jay Dee February 27, 2020 at 2:48 am

    The world economy is screwed. Brace for impact. 👉💣📉

  • Reply Erick Flys An Airplane February 27, 2020 at 3:13 am

    I’m not buying this. Turns out snakes don’t carry Coronavirus and bats aren’t sold in seafood markets. Not to mention there’s a literal bio weapons lab inside of Wuhan, which was also responsible for causing the SARS epidemic.

  • Reply Chris Nguyen February 27, 2020 at 3:28 am

    Let hope Corona end communism in Asia. Vietnam will overtake China and represent peace in the region.

  • Reply peter littlehorse February 27, 2020 at 3:41 am

    This 'pandemic' is a front for a worldwide economic collapse. The powers-that-be need an economic collapse that can be blamed on anything other than the real cause so that they can rebuild the same system again afterwards with no-one being the wiser. The truth is that the whole economic / monetary system was doomed to ultimately collapse right from it's inception; that always the ultimate fate of a debt-based currency and they knew it. The people, of course, are to be led to believe that the virus (or perhaps WW3 or some other disaster) was the sole cause of the economic collapse, thereby allowing the bankers to rebuild the same system of usury and start the whole sham over again.

  • Reply Fook Seng Loke February 27, 2020 at 3:49 am

    As from today, the daily increase new infection cases outside of China has outstripped those new cases contracted in China.

  • Reply haoru chen February 27, 2020 at 3:49 am

    it's just began to work. watch the world fall into chaos. mark my word. way worse than global recession.

  • Reply howzit3000 February 27, 2020 at 3:53 am

    China is already in big trouble, the recession has already hit. Jobs are lost, export is way down and debt is mounting. China is selling assets and overseas investment now. With no end of sight of the corona virus, china will only to suffer more loses in all aspects. China is reducing significantly it’s military spending and taking a low profile in the SCS. The belt road way may get delayed and even abandoned

  • Reply Stephanie Oluchi February 27, 2020 at 3:59 am

    Not only are you using untrustworthy numbers from CHINA. You’re wearing a surgical mask meant to keep germs in. Those gaps are a perfect space for germs to go in 🥱

  • Reply Brad B February 27, 2020 at 4:41 am

    This is fear-mongering at it's best. Over 14,000 people have already died in the US from the flu. Please don't let this ruin our economy which I'm sure the left would love to disrupt the re-election of Trump.
    .

  • Reply Thomas Vebr February 27, 2020 at 4:43 am

    The lab where this was modified officially called sea food market

  • Reply Atul Tripathi February 27, 2020 at 4:50 am

    where is the reporter shooting?
    in china?

  • Reply Roy_Thousand February 27, 2020 at 4:56 am

    Everybody's economies are in trouble!

  • Reply sha5bo6 ali February 27, 2020 at 5:02 am

    CNBC: analysts think …..
    Me an intellectual: i wonder what Ja Rule think about this

  • Reply Super Konek February 27, 2020 at 5:25 am

    2nd ??? i believe China are rich enough to make another China out of it!!!

  • Reply Trevor Phillips February 27, 2020 at 5:39 am

    Why isnt botzwana on that map

  • Reply Prof. Michael O. Zeee JCD ECS February 27, 2020 at 5:39 am

    My prediction for 2020/21

    1. COVID-19 is spreading worldwide to a pandemic.

    In other words: it is going to get much worse, before it gets better
    2. the recession is coming, for sure, and worldwide
    I say this, knowing China, having worked and lived there for nearly 1 and 1/2 decades. I witnessed SARS, while living in Beijing. This outbreak is much, much worse, and most of the world is not at all prepared, or very insufficiently prepared to fight a pandemic! The CPC has, in an old communist style, mishandled this outbreak, has mislead, and is misleading the world deliberately, by suppressing real data and information! It seems, the leadership does not grasp the damage THEIR handling of the crisis is causing to the WORLD!

  • Reply Prime Evil February 27, 2020 at 5:49 am

    I know a lot of Indians are hoping chinese economy to crash. Little do they know that a crash in Chinese economy would mean a global crisis.

  • Reply Rick Gee February 27, 2020 at 6:09 am

    China made a mistake in trying to disrupt US and other economies. The US will adapt quickly.

  • Reply Lavalambtron February 27, 2020 at 6:10 am

    How did bill gates knew so well what was going to happen soon after his statement hmmm??

  • Reply Shawn O February 27, 2020 at 6:11 am

    CNBC lies more than the Chinese government

  • Reply Gauldron Sage February 27, 2020 at 6:16 am

    Oh no not the economy my 5 dollar pizzas I survive on will go up 6 dollars oh no, lol

  • Reply Jebusjoose February 27, 2020 at 6:37 am

    America's speculative, paper economy will collapse if this virus spirals out of control there. China will be fine. America is fucked.

  • Reply Charlton Sears February 27, 2020 at 6:51 am

    The green lemon juice helps raise the defenses and could probably protect us from the coronavirus, drinking in lemonades, with water, honey or brown sugar, and eat raw red onions to strengthen the bronchial tubes and lungs.

  • Reply Ryae on February 27, 2020 at 6:56 am

    If you guys interested.. try china uncensored channel..

  • Reply Venkat Babu February 27, 2020 at 7:30 am

    Foster beers are number one.

  • Reply MrFujinko February 27, 2020 at 7:33 am

    why are you narrating, as it seems, from a far future where we long defeated this virus? jesus, just stick with current the current time

  • Reply kevin kwan February 27, 2020 at 7:47 am

    That’s why the world should rely much less on China. Companies should move their operations away from China. It is way too risky to work under the systems designed by the CCP. CCP just creates troubles after troubles to the world— coronavirus won’t be the last. The world must wake up now.

  • Reply Ed Rowlands February 27, 2020 at 8:06 am

    You will be mouthing off platitudes if you try to analyse the Chinese reactions based on Western standards. The Chinese can enforce rules that Western Countries have no hope of implementing. So hold your fire until the dust settles.

  • Reply Steven Kramer February 27, 2020 at 8:34 am

    Please stopppp using Fake Chinese Statistics about the number of patients! Please be smart and humane.

  • Reply Qinxin Tian February 27, 2020 at 8:51 am

    Exactly because China value citizen lives more than economy that is why China locked down many cities and transported many medical resources just to stop it being spread in national wide and world wide

    kindly search about how did US react to H1N1 in 2009 (60 millions infected cases and around 20000 died) and how did Japan handle coronavirus currently(raise the bar of get permitted test / refuse to test the patients, Japanese Gov still encourages massive gathering activities to pretend "everything is under control", and don't enforce quarantining those who were from that cruise and let them take public bus to home just for making show to public) – You will find those Gov just ignored the plague, and let it kill people rather than sacrificing the economy and business, because those patients are mostly the weaker or poorer class who isn't healthy and cannot afford medical service(In China, it is free to treat covid19), so after comparison, their own Gov chose not to compromise economy.

    China has done tremendous job to prevent it being spread regardless how much economics it has effected. My hometown – Guangzhou which contains 13 million people(2016 data) – for continuous days there are less than 2 confirmed cases daily. Nowadays, besides of Wuhan, there are only 9 confirmed infected cases in national wide while China is a country with 1.4 billion people.

    https://www.quora.com/What-is-China-doing-to-stop-the-spread-of-the-coronavirus-Is-it-enough

  • Reply TheGroundWork February 27, 2020 at 9:00 am

    offf man we still have 10 months till 2021 what could happen until then

  • Reply Aryan Kohli February 27, 2020 at 9:04 am

    Hopefully things get sorted soon…

  • Reply ilooklike panda February 27, 2020 at 9:22 am

    I remember in 2018, there is a lot of videos circulating in social media about Chinese foods and products. And I was thinking at that time, there is something bound to happen. And I knew it! This is planned.

  • Reply smitty February 27, 2020 at 9:28 am

    I dont hear too many people who see the coincidence that China and Hong Kong were protestin and rioting just a very short while back. Possible the 2 are realated?🤔

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