China's economy damaged, but set to recover: poll

Video Credit: Reuters Studio - Duration: 01:43s - Published
China's economy damaged, but set to recover: poll

China's economy damaged, but set to recover: poll

A Reuters poll of 40 economists from around the world predicted that China's economy will recover from the coronavirus outbreak as long as the virus is contained soon.

Gloria Tso reports.

Some optimistic news for China's economy while it wrestles with the coronavirus outbreak.

This month a Reuters poll of 40 economists from around the world predicted that its economy will recover quickly from the outbreak as long as the virus is contained soon.

They also predicted annual economic growth in the first quarter of 2020 would plummet to 4.5% from 6% in the previous quarter.

And they expect that will drag the year's growth down to the weakest since at least 1990 when comparable records began.

Some experts polled say they see growth bouncing back in the second quarter.

However, other were more cautious.

Whan asked what would happen if Beijing failed to contain the virus from spreading rapidly, some mainland economists were reluctant to respond.

China's share of the global economy has quadrupled sice the 2003 SARS outbreak.

Hong Kong analyst Dickie Wong says that means this outbreak could be more painful.

(SOUNDBITE) (English) KINGSTON SECURITIES LTD., EXECUTIVE DIRECTOR, DICKIE WONG, SAYING: "Especially for clothing company and even some of the technology company as well.

So I think first half will create some kind of pressure to those companies, not only Chinese companies but also Asian companies and the U.S..

Because as I said, the supply chain will create some kind of pressure." Wuhan, the epicentre of the coronavirus outbreak, is a factory hub and major link in the global supply chain.

Major companies have been affected by the city's shutdown.

South Korean automaker Hyundai announced last month that it would suspend production of some SUVs because its Wuhan suppliers were shut down.

You Might Like

💡 One News Page Knowledge: Other News Mentions

Wuhan Wuhan Prefecture-level & Sub-provincial city in Hubei, People's Republic of China

India, US can cooperate on defeating Wuhan-originated virus, threats from Chinese Communist Party: Pompeo

"We have a lot to discuss today, from cooperating on defeating the pandemic that originated in Wuhan, to confronting the Chinese Communist Party's threats to..
Coronavirus pandemic kills one million people worldwide [Video]

Coronavirus pandemic kills one million people worldwide

Over one million people have now died from coronavirus worldwide. This milestone comes almost nine months after the first Covid-19 death was recorded in Wuhan, China. Data captured by Johns Hopkins University shows that the USA, Brazil and India make up for nearly half the global coronavirus deaths. Report by Thomasl. Like us on Facebook at and follow us on Twitter at

Credit: ODN    Duration: 02:00Published
A cheaper, faster COVID-19 test [Video]

A cheaper, faster COVID-19 test

A method for fast, cheap, yet accurate testing for COVID-19 infection has been developed by a team of researchers. The method simplifies and frees the testing from expensive reaction steps, enabling upscaling of the diagnostics. This makes the method particularly attractive for places and situations with limited resources. It is equally interesting for repeated testing and for moving resources from expensive diagnostics to other parts of the care chain. The study led by researchers at the Karolinska Institutet was published in the journal Nature Communications."We started working on the issue of developing a readily available testing method as soon as we saw the developments in Asia and southern Europe, and before the situation reached crisis point in Sweden," says principal investigator Bjorn Reinius, research leader at the Department of Medical Biochemistry and Biophysics at Karolinska Institutet. "Our method was effectively finished already by the end of April, and we then made all the data freely available online."The spread of the new coronavirus at the end of 2019 in China's Wuhan region quickly escalated into a global pandemic. The relatively high transmission rate and a large number of asymptomatic infections led to a huge, worldwide need for fast, affordable, and effective diagnostic tests that could be performed in clinical as well as non-clinical settings.

Credit: ANI    Duration: 01:36Published
Kidney Damage Caused By COVID-19 [Video]

Kidney Damage Caused By COVID-19

Sept. 22 (UPI) -- COVID-19 causes acute kidney injury that can lead to death in some people infected with the virus, a study published Tuesday by the Clinical Journal of the American Society of Nephrology found. In an analysis of nearly 1,400 patients with the new coronavirus in Wuhan, where the pandemic began, 7% of those who required hospital care developed acute kidney injury, the data showed. Advertisement Of those who experienced this complication, 72% died of COVID-19, the researchers said. Among those without kidney damage, 10% died from the virus.

Credit: Wochit News    Duration: 00:33Published
Nepal struggles with increases Covid-19 cases [Video]

Nepal struggles with increases Covid-19 cases

Recovery rate of Nepal's COVID-19 infected patients stood at around 56 percent in an early fortnight of August, while towards the end of the month, it has dipped down to 54, increasing worries and panic for health workers and government. Fatalities attributed to deadly virus crossed 100 mark in mid-August. As month marches to end, it doubled with 14 deaths on Sunday taking the number to 221. It was the month of (mid) May, the Himalayan Nation, buffered in between India and China had recorded its first fatality due to Corona Virus. Nepal recorded a single-day rise of 1221 cases with 14 more fatalities to deadly virus taking toll of infected to 38,561 while a number of recovered ones stands at 20, 822. Till Sunday, a total of 144 Corona infected patients are kept in the Intensive Care Unit whereas 17 are in ventilator throughout the nation. Though some patients underwent Plasma Therapy, 20 of them only have recovered fully till last week, the Health Ministry data showed. With the swift rise in COVID-19 cases, doctors along with other medical workers working on the frontline of the pandemic are facing increased pressure. More than 50 doctors were reported to be infected while working on the front line treating patients whose coronavirus test was not done before being admitted or brought to the hospital. Falling short of beds for COVID-19 infected patients with a decreased rate of recovery, the Government under the leadership of KP Sharma Oli has added up beds in hospitals around nation. In the month of January, Nepal was the first nation in South Asia to confirm the infection in a Wuhan returnee Nepali citizen.

Credit: ANI    Duration: 02:36Published

Beijing Beijing Capital of the People's Republic of China

US, India must focus on threat posed by China: Secretary of state Mike Pompeo

US secretary of state Mike Pompeo on Tuesday stressed on the need for Washington and New Delhi to work together to counter the threat posed by Beijing to..

China says it will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales

Hong Kong (CNN Business)Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have..

US announces planned weapon sale to Taiwan

The Trump administration on Monday notified Congress of plans for a multi-billion dollar sale of Harpoon missile systems to Taiwan just hours after Beijing..

US to sell $3.5 billion worth of weapons to Taiwan as tensions soar with China

The Trump Administration today notified Congress of plans for a US$2.37 billion ($3.5b) sale of Harpoon missile systems to Taiwan.Just hours earlier, Beijing..
New Zealand Herald

Hong Kong Hong Kong Special administrative region of China

Ant Group to raise up to $34.4bn in world’s biggest IPO

HONG KONG: Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world’s largest stock..

Of all the places that have seen off a second coronavirus wave, only Vietnam and Hong Kong have done as well as Victorians

Victoria has dealt with its disastrous second wave of COVID-19 extremely well by international standards.

Ireland suspends extradition treaty with Hong Kong

Ireland has suspended its extradition treaty with Hong Kong due to concerns over national security legislation that Beijing imposed on the semi-autonomous state..

China warns UK not to offer citizenship to Hong Kong residents

The UK plans to offer a path to citizenship to many in Hong Kong after Beijing's new security law.
BBC News

Asia Asia Continent

Asian stocks mostly higher despite worries over virus cases

TOKYO (AP) — Asian shares mostly recovered Wednesday from an early decline on worries about rising numbers of coronavirus infections and Washington's inability..

With connectivity in focus, India-central Asian FMs to meet virtually today

"The Ministers will exchange views on a wide gamut of areas including political, security, economic and commercial, humanitarian and cultural spheres, MEA said.

Asian Markets Undergoing a Second Consecutive Down Day

The shockwaves from Monday’s major losses on Wall Street are reverberating throughout Asian financial markets Tuesday. The Nikkei index in Tokyo lost eight..

Ahead of 2+2, S Jaishankar and Mike Pompeo discuss stability and security in Asia

Sources said after the meeting, both sides, shared views on the “current global situation and its contemporary challenges; discussed our shared concerns and..

OnePlus announces two new affordable Nord phones

The OnePlus N10 5G has four rear cameras and is powered by a Snapdragon 690. | Image: OnePlus

OnePlus has announced a pair of new phones for its..

The Verge

South Korea South Korea Country in East Asia

Fears over plans to release Fukushima nuclear plant waste [Video]

Fears over plans to release Fukushima nuclear plant waste

Al Jazeera visited a fish farm on Geoje Island in South Korea, where a community is worried about the possible release of radioactive water into the ocean by Japan.

Credit: Al Jazeera STUDIO    Duration: 02:25Published

South Korean Jehovah's Witnesses start prison work terms

For the first time, conscientious objectors can work as prison administrators instead of being jailed.
BBC News

LG’s new wireless earbuds add active noise cancellation, keep the germ-killing case

Image: LG

LG’s new Tone Free FN7 wireless earbuds still have the same germ-killing capabilities of previous models, thanks to the charging case’s..

The Verge
Lee Kun-Hee, driving force behind Samsung’s rise, dies at 78 [Video]

Lee Kun-Hee, driving force behind Samsung’s rise, dies at 78

In just 30 years at the helm, Lee Kun-Hee turned Samsung into a global force and transformed South Korea into one of Asia's top economies.View on euronews

Credit: euronews (in English)    Duration: 00:46Published

Lee Kun-Hee, Force Behind Samsung’s Rise, Dies at 78

Lee Kun-hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. He was 78...

Tweets about this

Related videos from verified sources

Could Coronavirus Be Worse Than Predicted for U.S. Economy? [Video]

Could Coronavirus Be Worse Than Predicted for U.S. Economy?

Amid the coronavirus expanding beyond China, where it originated, the toll on the U.S. and global economy could be worse than first predicted. Pennygem’s Justin Kircher explains.

Credit: PennyGem     Duration: 01:07Published
Prices of Chinese goods in Pakistan soar [Video]

Prices of Chinese goods in Pakistan soar

Many businesses are running out of Chinese products causing a sharp increase in prices In Pakistan.

Credit: Al Jazeera STUDIO     Duration: 02:01Published
China cuts rates to lift virus-battered economy [Video]

China cuts rates to lift virus-battered economy

China has cut rates to help an economy hit by the coronavirus outbreak, but with growth forecast to slump many investors bet there's more stimulus to come. Julian Satterthwaite reports.

Credit: Rumble     Duration: 01:01Published