Wednesday, 19 February 2020
How coronavirus is stalling China’s military modernisation plans-IAIDEVA RANADE- HINDUSTAN TIMES
The coronavirus epidemic erupted when the slowdown of the Chinese economy had already accelerated because of the trade war with the United States. China’s economy has now been further adversely affected, with economists assessing that the growth rate will need to be revised downward to 5%. The country’s services sector is estimated to be losing $114 billion a week. At least 22 Chinese provinces and regions, including Beijing, Guangdong, Zhejiang, Henan, Hainan and Fujian, have already set lower growth targets this year compared to the last.