Coronavirus and blockage in China’s Economy
China is widely known for the vast amount of exports and the booming economy that seemed to never stop.
Having a strong economical relationship with the US but not only , China it is the second economical power in the world with a GDP of 13,7 Trillion $. Almost everything is made in China mainly due to low costs and large volumes of production and this is why exports in China were some of the world’s biggest numbers. Since the Coronavirus Outbreak in Wuhan, China has declared a state of emergency closing the whole city of Wuhan and nearby areas.
News have spread so quickly than ever and China found itself in a blockage trying to do its best to stop the spreading of the coronavirus also known as the 2019-ncov. Building a large Hospital in a record of just 10 days, showed the world how China can react to a threat to the people and how amazing their technology in construction really is.
Although China is doing everything possible to stop and quarantine as many people, increasing numbers of new cases of Coronavirus infections are daily reported. This is mainly because people travel a lot and incubation period of the virus can be also up to 24 days depending on the immune system.
Coronavirus having a large impact on world’s economy ?
In a world where almost every business is connected or depends to China we can expect severe losses. The trust which has been built in years between people can easily be disrupted by the coronavirus outbreak.
Quarantine has reached also cruise ships, planes and all means of public transport and a mass mobilisation in the entire world is taking place making governments spend millions of dollars.
This means that keeping planes on the ground, ships in the harbours and containers stuck, the world’s economy as we know it can have a major drop.
For now , One thing is sure – Chinese government is doing their best to stop and treat Coronavirus infections and disruptions among business are normal, but they can become more frequent delaying shippings and making products less accessible.
