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Alec Hogg: China is Covid-19’s big winner
BizNews founder Alec Hogg shares his rational perspective on China, whose economy expanded by 2.3% last year, despite Covid.
Yesterday we heard China's economy expanded by 2.3% last year. Yes, EXPANDED, ie grew, ie actually got bigger. It was the only major economy in the world not to go backwards in the year of Covid-19. By contrast, US GDP contracted by 3.6%; the Eurozone economy by 7.4%. SA likely in double digits.
Also read: Alec Hogg: Knowing your Circle of Competence
That's the ultimate irony. There is much about Covid-19 that we don't know. But one thing experts do agree on, is the source: a Chinese penchant for exotic meat. This coronavirus jumped across to humans from animals, probably bats, at an informal abbatoir in Wuhan where livestock is sold and slaughtered – what they call a "wet market", presumably because of all the blood.
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