Why China is better prepared than other economic powers for any global crisis ...United Arab Emirates

Russia Today - Economy

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and about the Chinese government’s response to it. “Nobody, including Beijing, could have foreseen the depth and gravity of this pandemic, specifically the cryptic transmission parameters by which the Covid-19 virus spreads. It is truly a once-in-100-year pandemic event,” said Sourabh Gupta, senior fellow at the Institute for China-America Stud

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Last updated : 09 May 2020 clock 09:25 AM

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