China says it has contained the threat. So it's closing down borders and opening up businesses.

Fewer cases are being reported. Factories are up and running again. Businesses will take time to
revive, but they have made it stopped.
Companies are being encouraged to make good on our virus supplies. They're making
equipment. Other countries might need to fight the outbreak. Gloves, masks, personal protection
equipment, even ventilators. So first, China put the world in ICU and now it is selling them
ventilators. Is China profiting from this outbreak? As I said, the people of China have gone
through unspeakable misery. Thousands have died. They've suffered. But big business and the
government now stands to gain in China.
And if this sounds too sinister plot. A book written in 1999. And this could offer clues into the
Chinese mindset. It's called unrestricted warfare. China's Master Plan to Destroy America. It's a
book on military strategy. It was written by two Chinese generals, Qiao Liang and Wang Qiang
Xu. The book makes an argument. It says that China cannot defeat America in a direct military
confrontation, but it can leverage its economic progress to leave the Americans behind.
Now, the book's assessment has some eerie similarities with the present situation. It is being
courted by conspiracy theorists. They claim that amid this Corona virus crisis, Beijing is
executing its world domination plan. On this show, we do not go by conspiracy theories to make
our assessments. So we set out to look for the facts. What we found was most interesting and we
have that for you tonight. Let's first talk about the situation in China. What is happening in China
right now?
Restaurants, zoos, even the Great Wall is open to tourists, not foreign tourists, because they may
bring back the virus. But the Chinese are out and about, as we say, in television. They're moving
towards normalcy. Restrictions are being lifted. Factories are coming back on line. Businesses
have resumed in many parts of China at this rate. China's businesses will be up and running in a
few weeks, not without government help. Like most countries, China, too, has announced a relief
package to revive the economy.
Communicated the figure of totality of three hundred and forty four billion U.S. dollars. In terms
of mainly fiscal measures, first and foremost, we try to stabilize the Chinese economy and with
the measures we have started to take with the return of the work of the workers and the
resumption of production productive activities by the factories across the country. I think the
Chinese companies coming back to life.
Coming back to life, they have a plan to revive the economy, what does this tell you?
While major countries are struggling. China is already making a head start. China also has an
interesting back to. Look at this map. This is bull horn and the rest of China. The Corona virus
outbreak in China is what this map details. Now, some of the biggest cities in China were largely
insulated from the outbreak. I say this is interesting because while the virus spread and unleashed
chaos in the remotest corners of the world, it couldn't do much damage in China's top cities.
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I'll give you examples with numbers. Let's start with Beijing. Beijing has recorded more than 500
cases. Eight people died in the city. Do you know what's the population of Beijing? 2.1 5 crores.
Shanghai reported 468 cases with five deaths. Shanghai has a population of 2.4 crores. Among
the 10 most densely populated cities in the world, only 5 deaths. Less than 500 cases. The point
I'm making is that China's financial hubs have largely emerged unscathed from this crisis.
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They can bounce back quickly. They're boosting business by creating opportunities. What does
the world need right now? Possible protection equipment, mosques. They're in short supply.
Guess who's filling the gap? Chinese companies already at work to supply to the world,
according to a report. Almost nine thousand new manufacturers started producing mosques in
China this year. They began business in the first two months of 2020. China's daily mass
production has crossed 160 million now. Many companies have overseas orders.
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They're selling outside China. One of the biggest companies is Daun Polymer. This is a Chinese
company, supplies the fabrics used to make masks. Dawn Polymer has a 40 percent market share
in China. And the value of its shares, the company's shares have shot up by. Listen to this. Four
hundred and seventeen percent since January. Four hundred and seventeen percent in three
months. The holdings of the company's founders now stand at a whopping one point nine billion
dollars.
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That Gurule now virus crisis has only meant good news for their business. He has another
example of China creating opportunities from the crisis, buying out distressed assets. Case in
point, Australia. The Scott Morrison government is worried about Chinese companies taking
over Australian businesses. Reports say Australia's Foreign Investment Review Board is now
gearing up. Why? Because they fear takeover attempts from China. Distressed Australian
businesses and assets are on China's radar. It's not just Chinese companies that stand to gain
foreign companies based in China are also back in action.
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BMW as factories resumed operations in February, it says. Last month, Fiat Chrysler has also
restarted production. Foxconn has resumed work in its mainland China factories. Foxconn
manufacturers, the leading tech giants like Apple and HP deathclaws factory in China is back on
line to reportedly with help from local authorities. Members of the Chinese government allegedly
help Tesla secure key supplies. The Chinese government is going the extra mile to make sure
businesses resume operations in Shanghai. Most foreign businesses are back in action.
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All foreign funded enterprises have resumed operation, more than 80 percent employed at done.
rate and a 70 percent business resumption rate. The overall situation is steadily improving.
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So while it sounds cross to say that a company or a country profits from a pandemic. These are
the bitter facts. China export to the virus, to the world. Now the world is sick and China is selling
them the bomb. And while the world tries to heal, China is already up and running.
Fighting the Corona virus pandemic is not the only big battle. India is fighting right now. India,
is fighting a second big battle and that is an economic pandemic. Visuals at Puna railway station
packed with people with bigger worries than social distancing. And these are picture that bus
stands in Calcutta. Thousands of casual workers desperate to get back to their villages. They are
waiters at restaurants that are shut. Housekeeping staff at offices that are shut.

Loaders of goods at factories that are shut. They've been door tough to hotel factories are
Bundang salary mayhem. How did your daughter in learning about the king? Now multiply this
scenario for industrial cities and big metros across India. Mumbai, Delhi. Gurgaon, Chennai.
Coimbatore, Kochi, Surat, Noida , lacs of India's working population suddenly with no jobs
heading back to their villages.
The direct and immediate result of the Corona virus lockdown and an additional worry. If any of
them are positive cases for coronavirus, then this exodus from the cities is one shouldwe of the
pandemic to spread to rural India.
Meanwhile, here are some figures we've taken from the economic times. Some of the big
industries that have been hit by coronavirus. These are scary statistics. The hotel and tourism
industry employs four crore people in the twelve months ahead. It expects twelve lakh job losses
and revenue losses of eleven thousand crore rupees.
The aviation industry is a 2.2 LAC crore industry employing 3.5 lakha people. They expect four
thousand two hundred crore of losses between just April and June. India's retail industry is huge.
It's a fifty nine lakhs growth industry employing 4.6 crore people. If the Corona crisis last three
months, they expect 1.1 crore job losses. The restaurant industry employs 73 lakhs people. Of
the, 15 to 20 percent could lose their jobs. That's around 14 black people.

The real estate industry, already in a slump, is looking at 35 percent job losses. Again, lakhs of
jobs. The ride hailing industry, meaning ola & Uber. They have five million driver partners. The
lockdown has led to a 40 to 50 percent drop in business. And this will only get worse in the
weeks ahead as the country heads into full lockdown. Top car manufacturers Maruti, Hyundai,
Honda have shut down their production until further notice. That means even more layoffs

While Prime Minister Modi got us all to join in the Janta curfew and Thali Bajao.
So far, he has not shared any plan on how to deal with the looming economic crisis. For instance,
the Modi government says it has opened over thirty eight crore bank accounts among the
country's poorest as part of its Jan Dhan Yojna. Could an emergency direct cash transfer of even
rupees five thousand be made into each of these accounts? It will greatly reduce their immediate
distress. Another fire-fighting situation. Why not announce interest free or low interest bank
loans for the next three, four months for medium, small and micro-enterprises who don't have the
deep pockets to tide over a short term crash in business or demand?

Why not get the RBI and India's mega banks to make major cuts in their lending interest rates?
That would be an immediate boost for the economy. How about a six month suspension of EMI
payments for those with home loans or business loans? How about reducing the price of petrol
and diesel at a time when oil prices are at their lowest in years? That would give the public some
space spending money, which would create internal demand for Indian industry.

While the Indian government is silent.Other countries are fighting the corona and the economic
pandemics. Simultaneously, the USA, even as its corona numbers are soaring, has also
announced a one trillion dollar fiscal stimulus package for its economy. France has announced a
forty five billion euro package, and even Italy, worst hit by the pandemic, says it will spend
twenty five billion euros to restart its own economy. So why is the Indian government doing so
little? Well, partly because the government itself is already short of money from GST and from
income tax.

The Indian government's revenues are already way short of their own calculations. Instead of an
expectation of 7.4 lakh crore in GST revenue, the government collected just 5.8 lakhs crores in
2019 short by 1.6 Lakh crores. In income tax instead of an expected 5.2 lakhs crores. Collected
4.7 lakhs crore a shortfall of another 50000 crores. So the government doesn't have cash to also
as relief on top of that. India's GDP growth is already at a low of 4.5 percent.

Leading financial analyst Richard Sherman now says that in the year ahead, for India to grow at
even 3 percent will be a miracle. He adds that the global economy is set to contract by 5 percent.
Even China's economy will contract for the first time in 40 years.
American stock markets have crashed 32 percent in three weeks. This is something that normally
takes know one and a half years in the US in a in a in a bear market atmosphere. The Indian
stock market has crashed by 35 percent in just two months.

None of this none of this has ever happened in either country's financial history. Given how
acute the problem is, how never before it is, how we don't even know if the worst is over or yet
to come, all one can see at the moment. If India wants to survive, we must urgently acknowledge
that there is a huge economic pandemic as well and then get serious about dealing with it.