Quote:
Originally Posted by milomilo
I agree. But they'll come out of this stronger. While the rest of the world is still in the doldrums in 6 month's time, China will likely be back to work with any virus flareups quickly contained.
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Quite the contrary, this is going to pulverize the Chinese economy. China is an export oriented economy that relies on Western consumers to purchase their goods and now they have no where to sell them. This is going to cause tens of millions of layoffs in the Chinese manufacturing sector. Unlike the West, China is still too poor to have a truly consumer based economy.
As for their political power and ambitions, this could be the body blow that Xi has been dreading and hoping would never come. This virus has become become the one thing that unifies every person in every country on the planet...………...a complete distrust and even revolution of China, the Chinese, and their culture.
China has become the world's defacto 4 letter word.