The toll of the coronavirus epidemic continues to grow. While it is based on official data that is notoriously underestimated, it is already significantly heavier than the episode of the SAR. This new health crisis from China threatens to turn into a pandemic, with major effects on the world economy and on total Chinese capitalism.
Read also: Coronavirus: for experts, the world is on the brink of a pandemic
The coronavirus has achieved what Donald Trump failed to achieve with his trade and technology war: paralyzing the Chinese economy. Since the end of the Lunar New Year holidays on February 2, the factory of the world remains practically stationary.
Despite the injection of 156 billion euros by the Bank of China and the implementation of a business support plan of some 40 billion euros, growth should therefore experience a brutal windfall, returning from 6.1% in 2019 to 5% in 2020. The quake is far from being limited to China. Industry paralysis spreads as a result of integrated value chains
This article is for subscribers only. You still have 78% to discover.
Subscribe: € 1 for 2 months
cancellable at any time
Enter your emailAlready subscribed? Login