Below is a link to my blog on China's financial situation under the epidemic. I hope you will enjoy it and that we can exchange our views. Chinese Finance: A Brief analysis of Chinese finance in the epidemic https://t.co/cjT7AZB0pz (Kaining)
The economic impact of COVID-19 on developing countries is enormous. Before the pandemic, the emerging megacities of the developing world had become engines of growth driven by young energy. Today, epidemics threaten to kill large Numbers of people in these megacities.(by Jiahao
In terms of the impact of the epidemic on the United States.The most important consequence of the epidemic(covid-19)is a fundamental change in the international system, a decline in the status of the United States, and a decline in its influence.(by Jiahao)
The DOLLAR hegemony of the United States began to decline, and the dollar credit will decline in the next decade. Although the DOLLAR will still be the world's common currency, it is obvious that the CNY will also join the ranks of the world's currencies in the near future.
In addition to the panic caused by the epidemic, the recent slowdown in world economic growth is also an important factor in the adjustment of the capital market. A-share valuations are at historically relatively low levels.(By QIONG QIAO)
As coVID-19 has spread around the world, countries have tightened controls on the movement of people, with several countries now banning congregations.(By QIONG QIAO)
The epidemic has reduced corporate revenues and hindered the development of cross-border investment. The United Nations Conference on Trade and Development (UNCTAD) predicts the epidemic will reduce global foreign direct investment by 5-15% by 2020.(By QIONG QIAO)
Then it is sleep rest, work, recreation and shopping. Compared with other regions in China, residents in Hubei province are more affected in sleep, work, shopping and consumption.(Xuanyi Chen)
On the whole, the daily life behavior of urban residents in tier 4 and below is relatively less affected by the epidemic. The living behavior most affected by the epidemic is going out or commuting, which is especially obvious in the first and second tier cities. (Xuanyi Chen)
Under the severe epidemic, what changes have taken place in people's work, life habits and attitudes, what impact the epidemic has had on the economy, and what impact the epidemic has had on people's life are important issues of concern to all sectors of society.(Xuanyi Chen)
In the case of financial markets, financial markets have been highly volatile since January because of the coronavirus. Panic selling has damaged the wealth of equity markets in both developed and emerging economies. Meanwhile, global currencies began to depreciate(by Jiahao)
the key to the impact of the epidemic on the global economy lies in the high level of implementation in the middle and later stages of epidemic prevention and control in various countries.(by jiahao)
The extent of economic damage depends on many factors, the most important of which is the speed with which the virus can be contained -- how much financial support governments around the world are willing to deploy to take rapid and effective action.(by Jiahao)@lisabeemagee
Covid-19 has had a significant impact on the global economy. Due to the limitation of social distance, it has a great negative impact on offline catering and entertainment industries. Instead, the development of the Internet has accelerated the development of online shopping.