(Milcah Anila, Intern Journalist) New Delhi: The deadly coronavirus pandemic is affecting the economic condition of many countries around the world and the economic conditions of the people of those countries. In contrast, China soon recovered from its economic woes, while some of its cronies made remarkable profits, and another 257 Chinese businessmen joined the list of billionaires.
Jack, our richest man in China, ‘Alibaba’, our e-commerce company, has made history in a year that no one in the world could have imagined. Alibaba set a new record by making $ 1.5 trillion a year (quota in crores, literally 12 zeros, and 13 zeros).
Financial analysts say he makes up 45 percent of his total assets through annual profits. Lockdowns and sanctions have helped Alibaba grow its e-commerce business. Even those in the health care sector could fall into the millions during the coronavirus crisis.
The assets of Jiang Rensheng, the founder of the vaccine-making Ziffy Company, also tripled to $ 19.9 billion a year. While China’s GDP rate is expected to fall to minus due to the corona epidemic, this year’s GDP is 4.
Financial figures released on Monday show that it is 9 percent. While the GDP rates of countries like Australia, the USA, Japan, Germany, and Britain have dropped to minus, it is amazing that China is the only one to jump towards plus.
Allegations that China created the coronavirus in the lab to damage the global economy have been heard around the world. However, no country has been able to show evidence of this.
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