for China, the economic pain has only just begun. The coronavirus has devastated China's economy — and the 'nightmare' isn't over. How China's Economy Is Poised to Win the Future | TIME. Fireworks in Wuhan as coronavirus checkpoints are taken down

"It is the unfolding economic catastrophe that truly marks this out as different from any natural disaster or pandemic in living memory," writes Cary Huang.

SCMP.COM

Coronavirus: for China, the economic pain has only just begun
Projections for the first quarter of the year are grim enough for China’s com

Retail sales plunged 20.5% during January and February, and industrial output was down 13.5%, according to the National Bureau of Statistics

CNN.COM

The coronavirus has devastated China's economy — and the 'nightmare' isn't over

How China's Economy Is Poised to Win the Future | TIME

...The China striding into that spotlight is not guaranteed to win the future. In this fragmenting world, no one government will have the international influence required to continue to set the political and economic rules that govern the global system. But if you had to bet on one country that is best positioned today to extend its influence with partners and rivals alike, you wouldn’t be wise to back the U.S. The smart money would probably be on China.

---

"I can see Wuhan is almost at the point of victory, and life will probably go back to normal soon."

SCMP.COM

Fireworks in Wuhan as coronavirus checkpoints are taken down