By David Lodhi
China, as always is trying to hide the actual
number of death in their own country and there's nothing new if they are
projecting wrong stats. Noticeably, there were not many cases in big cities of
China so it's quite hard to believe that Wuhan was not having any contact with
"big cities". Moreover Shenzhen, the manufacturing hub of China was
not much affected. The dimensions of loss can be prognosticated by the action
taken by USA, they didn't announce national lockdown, though they applied
strict rules and lockdown in some states and asked people to stay home. USA
without caring much about people, tried to save their economy as a nationwide
lockdown will terribly hit it and at a time when china has already started to
get back towards market, it's hard for USA to shut manufacturing units. However,
it will be no surprise if countries like ITALY, USA, SPAIN, FRANCE and INDIA
come up with the urge to confine trade with CHINA, US president Trump has
showed some signs as well.
The lockdown in China has undoubtedly affected
the whole world and it's quite inequitable to compare it with the previously
spread SARS virus because at that time china only had 4% share in global GDP
which is now 16% so for sure, there will be issues in global trade and supply
chains.
The relief funds may not be enough for people
around because there are a lot of people who couldn't work from home and their
earning has come to a halt because most of the private firms are willing to
cut-off their employees or they won't be paying them if their work can't be
done from home. Government may try hard to get this fixed but the game of some
private firms is beyond all this. It's really significant for the government to
keep an eye on the industries which can run with some restrictions and
maintaining supply chains because some consequential sectors must do
manufacturing of goods to satisfy daily need of the people. Food industry
should get priority.
Now considering the proliferation in demand of
Hydroxychloroquine, the Indian government can gain a lot of good will and soft
power for future which it already is doing by increasing the rate of
manufacturing and allowing more workers for the industries in
Baddi-Barotiwala-Nalagarh (BBN), which is the largest pharmaceutical hub in
Asia.
From selling nearly 4 billion masks in a month
to boosting mask production capacity by 450%, China may be trying to
"play" on a safe side.
Maza nhi aaya
ReplyDeleteVery informative
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