CORONA VIRUS DISEASE

[Audio] Is Corona Virus Disease a form of business strategy?.

CHINA. Origin of the Corona Virus Disease.. A picture containing background pattern Description automatically generated.

CORONA VIRUS DISEASE 2019. Initially reported to the WHO on December 31, 2019. On January 30, 2020, the WHO declared the COVID-19 outbreak a global health emergency. Erased the equivalent 255 million jobs in 2020 -Latin America, Caribbean, Southern Europe, and Southern Asia Sub-Saharan Africa experienced its first economic recession in 25 years..

CORONA VIRUS DISEASE 2019. East Asia's economic growth stalled. Latin America and the Caribbean experienced the worst economic contraction in the regions history. Large countries in Europe (Italy, Germany, and UK) and the U.S outnumbered China. Spain, France, Iran, and South Korea were also severely affected..

[Audio] U.S. trade with China has grown enormously in recent decades and is crucial for both countries. Today, the United States imports more from China than from any other country, and China is one of the largest export markets for U.S. goods and services. -Though U.S. consumers benefited from the flood of cheaper goods from China, millions of Americans lost their jobs due to import competition. The United States has long accused China of pressuring American companies to hand over their technology, or pilfering it outright. The optimism that accompanied China's entry into the World Trade Organization ( WTO) twenty years ago has vanished as Beijing has embraced state-led development, pouring subsidies into targeted industries to the detriment of U.S. and foreign companies. Meanwhile, investment by Chinese companies has increasingly raised national security concerns. In the wake of President Donald Trump's aggressive approach, the future of the economic relationship is uncertain. - Today, China–US relations are neither the same as then Soviet– US relations, nor as their previous situation. After the breakout of COVID- 19 Pandemic, China–US relations show great differences in terms of public opinions, economic and trade relations and strategic trust..

[Audio] China has become Africa's largest trade partner and has greatly expanded its economic ties to the continent, but its growing activities there have raised questions about its noninterference policy. -While many in Africa view China's investment favorably, some political leaders and workers have criticized Beijing for ignoring environmental standards, violating local laws, and other exploitative behaviors. -The economic powerhouse has focused on securing the long-term energy supplies needed to sustain its industrialization, searching for secure access to oil supplies and other raw materials around the globe. As part of this effort, China has turned to Africa. Through significant investment in a continent known for political and security risks, China has boosted African oil and mining sectors in exchange for advantageous trade deals. Chinese companies are also diversifying their business pursuits in Africa, in infrastructure, manufacturing, telecommunications, and agricultural sectors. -However, China's activity in Africa has faced criticism from Western and African civil society over its controversial business practices, as well as its failure to promote good governance and human rights..

[Audio] - China has remained a major partner for many emerging and industrialised economies, including Italy. -Italy has always been a major trading partner for China, as the two economies share a number of similarities and complementarities in production structures. The economic and trade relations between China and Italy have shown increasing signs of growing interdependence over the last decade, through both trade and investment. China and Italy are increasingly intertwined through trade, as a rising share of each country's exports include imports from the other country. This is a sign that a number of manufacturing sectors that are the backbone of economic activity in both countries are increasingly interdependent. -Besides, both the Italian and Chinese economies are heavily export-oriented, and they both rely on an increasing share of foreign inputs in their exports. In addition, Italy increasingly relies on foreign inputs embedded in production exports, with China having a growing share. -the share of Italian inputs in Chinese production and exports increased in many sectors. Therefore, China's further export capacity partially depends on collaboration with high-tech enterprises in highly industrialized countries, such as Italy..

[Audio] -then- Chinese prime minister Wen Jiabao called Spain "the best friend of China in Europe." - Spanish capital going to China is also low compared to other major European countries. -China has been Germany's largest trading partner for the past six years and by volume accounts for almost 30 per cent of the total trade between China and the European Union ( EU). Germany was China's sixth largest trading country in 2021, according to the World Trade Organization..

[Audio] -The UK- China relationship has a long and complex history, encompassing periods of both co-operation and confrontation. -The focus in the early 2010s was on the economic aspects of the relationship, but in the second half of the decade there was increased concern about the security challenges. -In the past year tensions between the UK and China have increased..

[Audio] -Over the past several years, China has become Iran's number one oil customer and trading partner. China has provided Iran with the technological know-how to develop its energy resources. Chinese engineers have also built bridges, dams, railroads, and tunnels throughout Iran. The U.S. ability to fundamentally reshape China's relationship with Iran is fairly limited, but the United States should continue to forestall an Iranian nuclear weapons capability and pressure China to reduce ties to Iran. -Over the past few decades, China and Iran have developed a broad and deep partnership centered on China's energy needs and Iran's abundant resources as well as significant non-energy economic ties, arms sales and defense cooperation, and geostrategic balancing against the United States..

[Audio] Kasi bakit naman nila sisirain pa yung magandang relationship nila sa ibang country? And sino namang leader or president ang ipagpapalit ang buhay ng maraming tao para lamang sumagana at maging "best country" kung mawawalan naman siya ng mamamayan na susuporta sakanya. Therefore I conclude that the Covid 19 pandemic is not a form of business strategy, it happened to prepare and wake the leaders and the people that we shouldn't be complacent but instead we should always be careful and mapagmatiyag..