China’s Economy Has Been Hit Hard Due to the Pandemic

By Tatiana Tobar-Darzi R.
Tatiana Tobar-Darzi R.
Tatiana Tobar-Darzi R.
April 23, 2020 Updated: April 23, 2020
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Americans in abyss of suffering? Sarcastic comments on Chinese Twitter- Weibo

Welcome to Epoch News, I’m Tatiana Darzi.

Americans in abyss of suffering? Sarcastic comments on Chinese Twitter—Weibo.

Several countries around the world, including the U.S. have taken several measures to help their citizens and maintain the economy, in order to cope with financial losses due to the CCP virus pandemic. However, the Chinese Communist Party (CCP) is staging propaganda about extreme suffering endured by Americans in a dystopian, communist-style of survival.

Chinese Business Owners Furiously Smash Machinery and Set Fire to Factory

Things are getting dire in China. The CCP has forced businesses to reopen and resume operations, even though there are no orders being placed for businesses to work on. The manufacturing industry is facing a huge crisis and the CCP isn’t doing anything to help the industry.

Hubei Public Servant Openly Sues the Provincial Government for Covering Up the Coronavirus Epidemic

Tan Jun, a civil servant of Yichang City in Hubei, sued the provincial government for concealing the coronavirus epidemic during the outbreak’s initial stage. He is the first person in China to charge a government agency for the epidemic. He said, “The consequences of the cover-up are so severe. The major culprits must be held accountable.”

460,000 Companies Closed in the First Quarter in Mainland China, Giving Rise to a Wave of Home Return Due to Unemployment

Over 400,000 businesses closed during the first quarter in China, due to the pandemic. The Guangzhou Railway Station saw a surge of people without jobs returning back home. About 60 million people in China, work in export-related industries and now, many companies are closing down. The same goes for businesses and shops.

Short Video: Many Chinese Export Companies Face Bankruptcy

In the south of China, 80 percent of private companies rely on exports. Several companies are losing overseas customers from North America and Europe. If exports diminish drastically, bankruptcy would follow, and many Chinese people will lose their jobs.

Trump’s Live Speech: President Trump Announces Progress in the US

In contrast to what’s been going on in China, yesterday President Trump stated, since announcing his guidelines on opening up America, 20 states representing 40 percent of the U.S. population—that’s nearly half the country—have announced they’re making plans and preparations to safely restart their economies in the very near future.

He went on to say that the Senate passed the Paycheck Protection Program and Healthcare Enhancement Act with additional funding going to hospitals, testing, workers, and small businesses. His administration reached a deal with Congress to help small businesses keep workers on the payroll, to aid hospitals, and to support coronavirus testing efforts.

Next, let’s take a look at some of the most recent numbers regarding the CCP virus pandemic.

That’s all for today.

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