The whole world will suffer the brunt of China’s economic crisis

 (Credits: News 18)

Jing (China) – China is known as the factory of the world and the Centre of global production. China happens to be the 2nd largest economy. China is the largest exporter of many global products and the largest importer of many things. Hence it is said that such an acute economic depression in China might have a drastic effect on the economy of the world, there is fear that it might make the world suffer economic depression also.

When China was facing an economic depression in 2008-09 and thereafter in 2015, at that time China encountered a crisis due to its Government’s investment in infrastructure facilities, also encouraged the property market. This time China failed in the same despite putting in efforts. The nations suffering the brunt of the corona virus and the Russia – Ukraine war and depending upon China’s business will suffer very severely.