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Home Beyond Finances

Should the world trust China in the bid to revive the economy?

Indra Mittal by Indra Mittal
May 4, 2020
in Beyond Finances
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Should the world trust China in the bid to revive the economy?
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China, being the birthplace of Coronavirus, was the first country to face the heat of COVID-19, leading the country’s economy to suffer heavily during the early days of the outbreak. A strict lockdown by the communist government of China ensured the spread of the virus doesn’t take a horrible turn. Today, the country claims to be almost free from COVID-19, meaning it avoided a greater and longer-term economic downturn that many big powers including India are on the verge of experiencing. Today, Chinese economy has been opened and is ready to contribute to the global recovery from Corona, which is China’s long term goal. 

Although China is all set to walk on the economic revival road, the world is aware of what wrongdoings it has practiced during the last 4-5 months. In the midst of all these, it is the west that is suffering from the Chinese-born virus. The United States of America has over 1.2 million confirmed cases of the novel Coronavirus disease, with about 70000 deaths. The Chinese government has been accused of hiding the actual number of COVID-19 deaths in the country, in addition to not telling the world about the virus until late January when it has reached almost all over the planet.

The concern in front of many countries is related to trust-factor with China and its establishment. Recently, China declined a request by New Zealand, the US, and Australia to investigate the Wuhan lab. The communist party, in recent times, has started a number of propagandas blaming the United States for the spread of not only COVID-19 but also HIV AIDS, which is obviously a false statement.

In a time, when China has failed to stand true to its global stature, the question remains in front of the world- “would it pardon the country for its deeds and come together to revive the global economy?”

Tags: coronavirus outbreakCOVID-19
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Indra Mittal

Indra Mittal

Indra Mittal is a writer who has done MBA in finance and worked with several CA firms as well. She has a great experience in the major finance domains like taxation, budget and more. Additionally, she has worked closely with renowned finance journalists based in Mumbai, India’s business capital.

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