China and Covid-19 (what went wrong in Wuhan? How’s the recovery? Lessons Learned? Road Ahead

  • October 30, 2020 04:55 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16931 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

COVID-19 Pandemic: How it all started and what went wrong It was on 10 December when a seafood merchant in Wuhan’s Hua’nan market first started to feel sick and eventually diagnosed with a new “SARS-like virus.” Till the end of the year, many doctors started to realize the seriousness of the situation and consequently warned the higher authorities.

* How did China manage to wrest control of the virus outbreak and show remarkable economic recovery? Despite being an epicenter and worst hit nation during the initial phase, China has seen probably the best recovery from the COVID-induced health and economic damage. China adopted stringent measures at the earliest like strict lockdown in Wuhan for massive, suspension of public transport, thermal screeners installed at public places, etc. Luckily China is quite a technologically advanced country and managed to develop new robots to serve patients and for sanitization to reduce human contact.

* Road ahead Although China is on the road to recovery, no leniency could be taken as what we have seen with the second wave of the outbreak in European countries. With seemingly successful control over the situation, World Bank estimates China to grow by 2%, from earlier projected 1% in 2020.

 


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