Is China trying to make a Profit out of this COVID 19 pandemic outbreak ?
Since the advent of the
economic slowdown of China in the last few months of 2019, the Chinese
government were looking for options to upstream their GDP and economical growth.
But they had only two options left to keep them in the race of being a global
leader economy wise. Either they need to do a repair-work and wait for the
economy to bloom and boost up in the upcoming quarters of 2020(which probably
won’t happen as per their predictions and forecasts), or need to deprive other
countries from flourishing with their healthy economies. The former thing was a
little bit complex but the latter one was found to be an easier task but at the
expense of some invaluable things, risking lives of human population too. So,
they came up with this VIRUS - COVID 19 which except for WUHAN PROVINCE did not
far-spread elsewhere, even in the nearest market epicenter, - Beijing, apart
from few nearest small provinces. But somehow this virus creeped into nations
worldwide and with the non availability of medicines and vaccinations, all
nations had only one option, that is to put all civilians and the companies
under lockdown for several days / weeks which would gradually see a great
plunge in the economy.
Even the World's Big Giants have
gone sore with their economies getting torn apart. One can clearly smell the
rat, how china is playing the ball game with countries, having their virus do
the thing for them.
US's WOES: China has already realized and accepted
that they cannot defeat USA with their military powers. They were already
engaged in the trade war since the end of 2018, which saw the US president take
a dig on the tariff imposition on all CHINA MADE IMPORTS by around 25%. And now
with the virus in play, the mighty US Economy is falling apart like never
before and now, much worse than it encountered in the 2008 – the financial
crisis.
SPAIN'S WOES: By the end of March, the European
country - SPAIN spent 432 million euros (USD 467 million) to buy 550 million
masks, 5.5 million rapid test kits, 950 respirators and more from China. Guess
what, even after spending this much, Spain has received lakhs of test kits of
substandard quality from China. "With more than 4,000
coronavirus-related deaths, microbiology experts in Spain say the rapid tests
they purchased from China are correctly identifying people with the virus only
30 percent of the time," says a report. As many as 6,40,000 testing kits
are not working properly, reports say
JAPAN'S WOES: Japan has allocated an economic
stimulus package of $2.2 billion to help its manufacturing firms shift
production out of China, where supply chains have been disrupted due to
coronavirus outbreak, a report said. Out of $2.2 billion, the Japanese
government proposes to allot 220 billion yen ($2 billion) to firms for shifting
production back to Japan and 23.5 billion yen to companies seeking to move
manufacturing base to other countries, the report quoted sources as saying.
The Probable action by countries in the
aftermath of this COVID crisis,
·
To levy
strong and strict FDI restriction policies to china.
·
To
not allow Chinese companies to acquire the country’s native companies
· Try
and manufacture raw materials within country domestically thus avoiding
importing materials from china
·
Reducing
the dependency on china on all basic electronics and digital products
·
Reduce
tie-ups and MoM’s with China on Military and arms / weapons agreements.
· All together the sum up is to economically isolate China.
Reduce Chinese products and Go for
domestic and India made products.
Support Indian Manufacturers and safeguard
natural resources !!
FOX-SHUT CHINA |
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