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China economic review 30 years
The novel coronavirus pneumonia (Covid-19) outbreak that began in Wuhan, in Hubei province, China has quickly spread to at least 75 other countries, causing more than 3,000 deaths.
The better approach would be to start designing policies which support “Atmanirbhar Bharat”, and invest sufficiently in becoming comparable with China in terms of benefits due to economies of scale.
With the steady decline in new confirmed cases of coronavirus in China beyond Hubei Province, public scrutiny has increasingly shifted to the economy affected by the outbreak, particularly the impact on the plethora of small and medium enterprises
In early 2020, a new type of coronavirus epidemic (COVID-19) emerged suddenly and spread steadily from China’s Wuhan City, Hubei Province, disrupting China’s social order.
Since the coronavirus outbreak began in January, Chinese business activity has been severely slowed, affecting China’s position in the global industrial supply chain.
Social networks substituted for legally enforced contracts between firms and paved the way for entrepreneurs to flourish.