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Index – Economy – The epidemic will not spare the United States or China

Index - Economy - The epidemic will not spare the United States or China

The epidemic originated in China, but the Beijing government handled the health and economic crisis better with it than the Washington leadership said. According to Johns Hopkins University statistics, for example, the number of deaths in the United States has exceeded 220,000, while in China it has not reached 4,500.

The Chinese economy could grow by 2% until this year, while the US GDP is expected to shrink by 3 to 5% and the major European economies face a similar fate – written by I am Bee.

Since the data was ever released, there has been no such drop.

The Chinese success has been attributed to extensive testing and effective quarantine by experts. Chinese President Xi Qingping said recently, when he paid tribute to officials who excelled in dealing with the epidemic:

China’s performance in controlling the epidemic shows the superiority of socialism and Chinese character over the West.

Meanwhile, the New England Journal of Medicine recently stated in an editorial that the American elite had failed to deal with the crisis, deepening the crisis and turning it into a tragedy.

The American Economy: Record Growth

The GDP of the United States grew by 33.1% year-on-year in the third quarter.

According to Gideon Rushman, the propaganda writer for the Financial Times, there are several capitalist countries, for example

In addition, the epidemic caused developments in the global economy that undermined Beijing’s strategy in recent decades. The Chinese economy has been driven by exports of manufacturing products for the past 40 years. The pandemic has shattered the connections needed to do so, while the United States restricts the transfer or adoption of certain technologies.

(Cover photo: People wearing masks in China. Photo: Stringer / Getty Images)

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