Beijing: Coronavirus outbreak is not taking its name. So far, 361 people have died in China from Corona, while more than 17 thousand cases have been confirmed. The coronavirus infection that started from China has now spread to many countries of the world. It has also dealt a big blow to China's economy.
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According to the news agency Reuters, the companies have had the lowest profits in 4 years in 2019. According to experts, due to the trade war with America, Chinese factories have suffered a severe blow. China, which is going through the weakest economic phase of 30 years, has now recorded a huge decline in the profits of industrial companies. In addition, 30 lakh crore rupees ($ 42,000 million) of investors have drowned in the Chinese stock market during the last 30 days.
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Since the beginning of the new year, there is a continuing trend of a huge decline in China's stock market. During this time, the stock market has fallen by more than 9 percent. About 30 lakh crores of investors have drowned during this period. China's currency yuan has weakened 1.2% so far in the year 2020.
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