As the entire world is battling the Coronavirus pandemic with the global economy reaching a new low, it comes as no surprise that all the countries have united to go against China, from where the COVID-19 originated.
It is being said that China hid the reality of origin of Coronavirus from the entire world, including the WHO, a mistake for which the entire world is paying the cost today. Many theories say it is China’s calculated move to bring the world economy down, and be on the top spot in the global scale.
However, China’s game plan seems to be backfiring itself, big way. Needless to say, today, the entire world is on one side, and China on the other. All nations have a hard feeling for the Asian country for putting them in a crisis for which they are not at all responsible.
As a result, many countries have already made plan to withdraw their companies and businesses from China. Japan has already initiated the process as the country has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China. China is Japan’s biggest trading partner under normal circumstances, but imports from China slumped by almost half in February as the disease shuttered factories.
The US is not shying away from uttering its hard feelings for China, with president Donald Trump always terming Coronavirus as ‘Chinese virus’ and further saying, “If it is a mistake by China, it is a mistake. But if this all is intentional, China will have to face consequences.”
It is clear that the US and China, who already had bitter ties over trade, have even more differences now, owing to Coronavirus.
All these developments,have indicated just one thing. Can China’s loss be India’s biggest gain?
Owing to India’s favourable geographical location, young population and cheap labour availability, the country is always seen as a next best ‘manufacturing’ destination after China.
If sources are to be believed, India is already aware of the situation and has even started talks and discussions over bringing major companies to the country and become a hotspot for manufacturing sector.
If this turns around to be a reality, tables will turn like never before, China’s ‘Corona strategy’ will backfire like never before and India will grow like never before!
Only time will unfold what is in store for the future?