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    FA17 BBA 010 (B) Corona Virus

    Uploaded by

    Muhammad Mudassar
    The coronavirus outbreak in China has significantly impacted the Chinese and global economy. China's GDP growth is expected to slow down as employment, businesses, tourism, and consumer spending have been disrupted by lockdowns and travel restrictions. Global supply chains have also been disturbed as many international companies import components from China. Oil prices dropped as China is a major crude oil importer and its demand has decreased. Various industries such as automotive, retail, and tourism have been negatively affected by closures in China. The global economic impact is estimated to reduce incomes by 0.3-1.6% depending on the country.

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    FA17 BBA 010 (B) Corona Virus

    Uploaded by

    Muhammad Mudassar
    24 views10 pages
    The coronavirus outbreak in China has significantly impacted the Chinese and global economy. China's GDP growth is expected to slow down as employment, businesses, tourism, and consumer spending have been disrupted by lockdowns and travel restrictions. Global supply chains have also been disturbed as many international companies import components from China. Oil prices dropped as China is a major crude oil importer and its demand has decreased. Various industries such as automotive, retail, and tourism have been negatively affected by closures in China. The global economic impact is estimated to reduce incomes by 0.3-1.6% depending on the country.

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    The coronavirus outbreak in China has significantly impacted the Chinese and global economy. China's GDP growth is expected to slow down as employment, businesses, tourism, and consumer spending have been disrupted by lockdowns and travel restrictions. Global supply chains have also been disturbed as many international companies import components from China. Oil prices dropped as China is a major crude oil importer and its demand has decreased. Various industries such as automotive, retail, and tourism have been negatively affected by closures in China. The global economic impact is estimated to reduce incomes by 0.3-1.6% depending on the country.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views10 pages

    FA17 BBA 010 (B) Corona Virus

    Uploaded by

    Muhammad Mudassar
    The coronavirus outbreak in China has significantly impacted the Chinese and global economy. China's GDP growth is expected to slow down as employment, businesses, tourism, and consumer spending have been disrupted by lockdowns and travel restrictions. Global supply chains have also been disturbed as many international companies import components from China. Oil prices dropped as China is a major crude oil importer and its demand has decreased. Various industries such as automotive, retail, and tourism have been negatively affected by closures in China. The global economic impact is estimated to reduce incomes by 0.3-1.6% depending on the country.

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    How corona virus is affecting

    International Businesses
    Presented by:
    Arslan Ahmad
    FA17 BBA 010 (B)
    How China has been Affected
    • China is the 2nd largest economy with USD 14 trillion GDP 
    • Employment and businesses are dependent (Industrial Countries)
    • Suspended flights, cancelled tours, temporary restaurant closures, and
    millions of people in lockdown.
    • Financial costs of public health.
    • No Economic Activity.
    How China has been Affected
    • Cancellation of flights
    • Restriction by Chinese Government and that disturbed the economic
    activities, No consumer spending.
    • 7.7 percent decrease in Chinese Stock Market and has impact on Pakistan.
    • Pakistan market decreased by1100 points.
    • Top travel destinations has been closed, no global Tourists.
    How China has been Affected
    • Gdp growth of china would slow down till 5.5 if corona stops till March.
    • The loss was expected to be 65$ bn.
    • China agreed to buy $200 bn US Products in the next two years.
    • China announced to flood the financial system with 1.2 trillion yuan
    (US$170bn).
    • Banks were told they shouldn’t withdraw loans from firms affected by the
    virus
    Global Point of View.
    • Impact Global Trade for both ends as an Importer and Exporter.
    • Top Companies Like Tesla and Apple import its components from china.
    • Global Supply chain disturbed.
    • Oil Market affected the most from it.
    • China is the biggest importer of crude oil.
    • 15 Percent of oil prices decreased.
    Global Point of View.
    • Last Year Saudi Arabia exported 47 percent of Oil to China.
    • Restriction on Chinese nationals by different countries.
    • Apple and Tesla has closed its production units.
    • MacDonald's, Ikea Starbucks and Levis has also closed its outlets.
    • America want to gain advantage because of this virus and increase its
    production.
    Global Point of View.
    • Renault postponed production activities.
    •  Walmart has reduced hours at some stores.
    • Lower and middle-income countries would suffer the most they would
    lost 1.6 percent of annual income.
    • High-income countries are expected to lose about 0.3 percent of their
    income.
    Global Point of View.
    • China is largest manufacturer of toys, Chinese suppliers show confidence
    of reopening of production units.
    References
    • https://www.nytimes.com/2020/02/03/business/economy/SARS-coronavirus-economic-
    impact-china.html
    • https://www.bloomberg.com/news/articles/2020-02-01/pboc-vows-to-maintain-ample-
    liquidity-amid-coronavirus-outbreak
    • https://foreignpolicy.com/2020/02/03/knock-on-effects-china-coronavirus-weak-
    economy-markets/
    • https://www.wsj.com/articles/coronavirus-closes-china-to-the-world-straining-global-
    economy-11580689793
    References
    • https://www.forbes.com/sites/greatspeculations/2020/02/02/the-potential-economic-
    impact-of-the-reaction-to-the-coronavirus/#71060395cd81
    • https://edition.cnn.com/2020/01/31/economy/china-economy-coronavirus/index.html
    • https://www.bbc.com/news/business-51347497
    • https://www.aljazeera.com/ajimpact/numbers-economic-effects-china-coronavirus-
    200128024428672.html
    • https://www.economist.com/international/2020/01/30/chinas-coronavirus-semi-
    quarantine-will-hurt-the-global-economy
    • https://www.quora.com/How-can-the-Corona-virus-impact-the-economy-and-markets

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