COVID-19 and China economy
As the updates of cases of COVID-19 keep stable,the whole China economy is moving forward. Only several cases is to be made as a definite diagnosis per day which most of them are connected with passengers from abroad.It is not the dark time of Wuhan city as it happens,all industries of China are working as usual,only people are wearing facemasks.
Mr.Chen as the owner of a local factory in Shijiazhuang city for hot wire foam cutting machines said to the newspapers:”my supply to buy spare parts are no problem,all of my suppliers are working as usual,I can get any time my factory want them.But the orders from overseas shrinks,orders from local China is same as last year,my business is not infuluenced much by the COVID-19.i can take it.
His speaking can represent the whole China business,the China export shrinks some in some industries,only medical care industry go up a lot.The local China demand is still ok,anyhow,China owns a population of 1.4 billion of whom can be a bog market itself.