#CoronavirusThread on effect of corona virus on economy, social stability, jobs n stature of China. Also brief review of effect on world.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China is 60% urbanized. Major economy is concentrated in big cities n 100 km of coastline
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Due to threat of corona virus nearly all major cites r shutdown, quarantined
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Rail, road, air transport has come to a halt, so also industrial production
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China is worlds largest energy consumer from 2009. Decreased demand will lower fuel prices globally till normalcy returns
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China is already facing biggest bad debts. Its banks r in unbearable stress
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Sectors of Chinese economy affected due to shutdown: industry, tourism industry, merchant navy, transport, real estate, meat industry, fish products
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">All the above sectors r very huge in China, generating enormous revenues n employing crores
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Any business has certain fixed costs, be in normal or shutdown mode. Shutdown will hit there profit margins
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">To cut losses they may not pay employees or do layoff
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">With no work businesses will fail to repay to banks
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Layoff will create unprecedented social unrest in China. There will be chaos, loot of food items
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Today is not 1989, Chinese police/army&
#39;s patience will be tested handling own people
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Fearing spread of virus in all animal China was already banned consumption n destruction of meat
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China&
#39;s food import bill is highest at $ 105 bn. They import 64% of required vegetables
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Shifting from non veg to veg will require huge import of vegetables
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">India has golden opportunity in attracting China bound tourist n huge agriculture market
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China already had biggest unsold home units. Couple of yrs ago they had 50 ghost cities. New cities built up for 1 milling people with all amenities, but empty
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Widespread layoff, wage cuts, business in loss will make life hell for real estate sector
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Inflation high due to isolation of market n supply cut
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Every chance overstressed banks will collapse due to massive failure of repayment. Even after situation normalize liquidity
crunch will be there
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China is the biggest trading country in world
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Industrial supply chain will be very badly affected as companies nowdays doesn&
#39;t maintain more than couple of day inventory
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China&
#39;s opaque manner of handling sensitive things affecting global economy will not be taken lightly by companies sourcing spares from them
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Every chance global giants will see it at reliable source of supply chain than cheap but unreliable source. Will hurt China badly
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Sectors in India badly hit n operating at reduced capacity due to dumping of cheap goods from China has good chance to utilize its full capacity to meet the shortfall
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Cascading effect of all these things can push China into utter chaos
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Great nations emerge stronger after setbacks. Precondition for it is, a nationalistic society n leader with integrity
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Sadly China lacks both, so I see a very rough road ahead for them. Only miracle save them
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Some may say Chinese society is nationalist, no they r very selfish
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">One point miss. CPEC/BRI uses Chinese workforce. No country will allow Chinese workers till the situation normalizes n host countries r sure about it. Already unviable projects further hit
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Weak nations bullied by China can come together, especially the west African countries where China steals fish of $ 15-20 bn annually. Same can be followed by others
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Weakening of China will impact Pak n an important opposition party in India. There situation will worsen
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">With China trying to sort out its own mess, Pak can&
#39;t expect any help from China
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">China was Pak&
#39;s last hope
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Tubelight leaders favourite item in speech was China economy, gone
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">India should shrewdly make most of the situation n work things to our advantage
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">With 10% decrease in China&
#39;s fuel consumption, fuel price decreases by 16% during last 15 days
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Chinese growth rate in first quarter projected to 2% less than earlier projected
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Annual growth rate projection reduced from 6% to 5.6%, hoping condition doesn&
#39;t worsen further
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Coronavirus threat now serious in Iran, Japan, S Korea n Italy
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">Schools/colleges/businesses shut down. Air services to these countries curtailed
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">All these countries have huge business/tourist visitors plus large no of immigrants from different countries working in tech secto
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">From now onwards it will be very difficult to monitor such floating population. Huge cost for any country
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">International tourism is nearly dead this yr
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">10% of people work in tourism sector
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">World economy will be badly hit, exports hit, domestic consumption will drive nation
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">No colour n pichkari import this yr from China. China dumps 20% of our Holi requirement
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">As said earlier GOI should come with clear cut facility n encourage Indian business with SEZ like sops to fill the void created by destruction in Chinese supply chain.
China knew the economic cost of coronavirus, resultant reduction in its economic power n geopolitical effects.
Did China hide coronavirus in the initial stage so that it spreads worldwide n losses can be shared. Equal loss is very beneficial to China, it maintains status quo.
Chinese threat to stop export of essential drugs/masks/equipment&
#39;s to other countries if Huawei is banned.
Already said on 6th Feb world will take note of dependence on Chinese supply chain.
Henceforth no nation will trust China.
Happening as predicted in Feb, 8 cr job loss. To absorb them China is encouraging street vendor economy.
Hope China doesn&
#39;t close big shops n malls to sustain it.
3rd big U turn for China. Till Jan 20 China hate street vendors n would evict them.
#Echobox=1591362178">https://www.scmp.com/economy/china-economy/article/3087770/china-turns-street-vendor-economy-help-manage-unemployment?utm_term=Autofeed&utm_medium=Social&utm_content=article&utm_source=Twitter
#Echobox=1591362178">https://www.scmp.com/economy/c...
First U turn was stoppage of killing sparrows 2 increase food grain production.
Second was population control officials begging parents to have second child. Same officials would put parents in jail n snatch second child.
This is one reason for
#LAC standoff, diversion.
Chinese Premier says 90% of companies will go bankrupt. With banks on merge of collapse due to bad debt how will they manage. Millions jobless. B&RI work will stop, bringing back millions of Chinese back in China. Biggest flood on. China screwed.
https://twitter.com/jenniferatntd/status/1277943217242148865?s=20">https://twitter.com/jennifera...
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