China Is Winning The Pandemic Economy
As vast tracts of the developed world grapple with a second wave of COVID-19, life in China is returning to normal, and the country is on track to do what virtually no other country will achieve this year: Grow its economy amid the pandemic.
China’s economy was 4.9 per cent larger in the July-September period of this year than it was a year earlier. Compare that to Canada’s economy, which was 3.8 per cent smaller in August than a year earlier. The U.S. economy is about 3.5 per cent smaller than before the pandemic.
OH, we can say so much about this.
After a lockdown of Wuhan province earlier this year that was among the most draconian anywhere, China’s COVID-19 case count has barely increased since spring. That has allowed it to reopen vast tracts of its economy. And China’s manufacturing-heavy economy is pumping out exactly the things people want amid this pandemic.
China has seen “strong production of personal protective equipment goods, for which the demand continues to remain high,” economists at National Bank of Canada wrote in a report issued Friday.
The trade war Has affected china, and low and behold, when they needed it most, they got a big boost to their economy for something that originated in Wuhan, China and went on to spread to all nations of the world.
I let the theorist think if they and the globalists had planned this or not. But the time is suspect.
China’s share of global trade shot up to a record high of nearly 17 per cent this year, the National Bank economists said.
And so long as the rest of the world keeps closing down their economies and still relies on the CCP to make all these things, that percentage will only increase.
The OECD’s forecast from September noted China has also benefited from aggressive infrastructure spending during the pandemic.
“China is the only G20 country in which output is expected to rise, fueled by the earlier timing of the virus outbreak, rapid control of the virus, and the policy support provided to enable a quick rebound in activity,” the forecast stated.
If only Western governments could make deals within their own branches of government that benefits their citizens (and not political points), they too could have been doing it to.
But sadly, that is not the case.
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