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China faces worst economic drop since the 1970s in coronavirus battle

China faces worst economic drop since the 1970s in coronavirus battle

China’s economy faces its worst drop since the 1970s after hundreds of millions of people were ordered to stay home to fight COVID-19. Its economy fell by 6.8% from last year in March after factories, offices and shopping malls were closed. China is the first major economy to recover after it announced the virus under control a month ago, allowing factories to reopen but not other businesses.

Ben Song
Ben Song
Dank Duck
Dank Duck 5 months

Oh you watch. Their economy is going to the dogs for a long time. Factories will move to another place, and world will continue getting their products for cheap, but definitely none of that will be coming from China anymore.

neo the one
neo the one 5 months

Yet they will still manage to report 400 percent GDP growth..just in case you forgot, I hate china

IvoryDove
IvoryDove 5 months

Inadvertently (or not?) drop a bio-weapon on the entire planet, cover it up so it spreads faster and further, then whine about the impact on your economy? - Not a good look China

Darth Vader
Darth Vader 5 months

I think this virus could be the beginning of the economic downfall of China, many countries, like Canada, the U.S, Portugal and many European countries have made it clear once this is over that they will make manufacturing jobs and other things come from their own countries and not rely on China, and the same for medical supplies as well countries will start making their own medical supplies, so that they don't have to rely on China

Rhokanth
Rhokanth 5 months

Oh but I thought they defeated COVID? /s

FATBINK
FATBINK 5 months

Fuck China

Indo
Indo 5 months

They went on like there is no tomorrow. Now they are facing it. How much of it was bad behaviour will determine all our future

Pedro Rodriguez
Pedro Rodriguez 5 months

It's just weird, like they were trying to win by making ever other economy as efficient as thei- (remembers boiling crab parable.) Nevermind.

Julian
Julian 5 months

It’s time to deChina

6Million$Mansplainer
6Million$Mansplainer 5 months

They could try calling in some of the debt they own.

Indo
Indo 5 months

It is sad that the people who got darlinged by the west are now in this state. Nobody bothered even after all the prior events. How now brown cow.

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