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China and the Year 2020: The Dragon Looms over the World


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It is a normal practice to look back at the year just gone by. I usually refrain from the practice; but the last year has not been an ordinary one by any reckoning. Anyone, who has lived through 2020, will never forget it in his lifetime. I wish to touch upon just one aspect, the fact that a year, which commenced with China staring at a major health crisis and in the opinion of many people, with an imminent danger of the Communist Party of China (CCP) losing its hold over its people, has ended in just the opposite way. 
 
While the global income is expected to decline by 4.4% in 2020, China is the only major country that saw a positive growth (2.3%). Overall, the global gross domestic product (GDP) at the end of 2021 is likely to be the same if not less than it was at the end of 2019. That implies a loss of two years of growth. The US economy, in fact is expected to take even longer to recoup the loss of income.  ....

Hong Kong , Sri Lanka , Donald Trump , Sunil Mahajan , Joe Biden , Pacific Partnership , Party Of China , European Union , Atlantic Treaty Organization , Regional Comprehensive Economic Partnership , Dragon Looms , Communist Party , Trans Pacific Partnership , Mutual Fund Returns , Bank Fixed Deposits , Investor Returns , Portfolio Allocation , ஹாங் காங் , ஸ்ரீ லங்கா , டொனால்ட் துருப்பு , சுனில் மகாஜன் , ஓஹோ பிடென் , பெஸிஃபிக் கூட்டு , கட்சி ஆஃப் சீனா , ஐரோப்பிய தொழிற்சங்கம் , அட்லாண்டிக் ஒப்பந்தம் ஆர்கநைஸேஶந் ,