Coronavirus and Politics: Did Chinese deceive the world?

The global halt brought about by the coronavirus has sent the world’s economy into a nose-dive as workers and customers are facing a lock down.

Apart from the tragic human consequences of the coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020. The pandemic began as a crisis in China and now spans the world, sending chills through stock markets.

So far, it is too early to confidently envisage the course of the economic downturn being faced due to COVID-19. But a recession is certain. Starting from China, the virus has affected every continent of the world except Antarctica and has devastated the global stock markets.

Stocks hammered on fears of global meltdown

According to the reports of Baaghi TV, United States (US) stock market has entered bearish territory in 2020 as investors fear the economic fallout of the COVID-19 outbreak. The Dow Jones and the S&P 500 have been flustered in the spell of just over a month. Twenty six percent (26%) decline has been recorded within the last one month. According to experts, this year could exceed the Great Recession of 2008 in the US.

Not only the US market has faced this economic tailspin, European markets have also entered the bearish territory within the last one month. Moreover, British stock market has faced a decline of twenty six percent (26%). Not only that, markets across Asia have also witnessed a fall, as investors fear a recession from the coronavirus pandemic.

Stocks rebound as US makes economic moves against virus

Impact of coronavirus on stock exchanges worldwide, within 1 month:

  (-26%)
  (-26%)
  (-25%)
  (-27%)
  (-20%)
  (-19%)
  (-16%)
  (-24%)
  (-14%)
  (-17%)
  (-12%)
  (–17%)

Now, look at this:

  (+0.3%)

But fact of the matter is that China, creator of the pandemic, has miraculously “recovered” and has almost no more cases of coronavirus. The world is facing the effects and panic of this pandemic disease.

Asian markets tumble again after virus sparks Wall St collapse

It seems to be that this virus was a move by the Chinese government in response to the loss of the trade war with the United States.

In all that matter, the goal is pretty much clear: To throw the world into recession!!!

Being the creator and distributor of coronavirus and so far, the most affected country, China has managed to escape out of the pandemic. China bought almost everything it devalued on the stock exchanges around the world. At the same time, the Chinese became the owners of global companies that are based in China.

Tokyo stocks open higher on virus stimulus measures

Meanwhile, the foreign citizens, who were the original owners, preferred to give up everything in exchange for their lives. Chinese leadership used an “economic tactic” that made everyone swallow the bait easily. Later, they asserted that China did not resort to implementing a high political strategy to get rid of European investors, in support of China’s economy, which would bypass the US economy with this step.

Before the coronavirus, most of the stocks and stakes in investment projects at “Technology and Chemicals” production plants were owned by European and American investors. This means that more than half of the profits from the light and heavy technological and chemical industries went to the hands of foreign investors, not to the Chinese treasury. This led to a decline in the Chinese currency, Yuan, and the Chinese Central Bank was helpless and couldn’t do anything to control the decline.

They are now considered to be the winners of the coronavirus war and the conquerors of the global economy. While the rest of the world is still fighting for survival.