Do you think China finds financial opportunity during coronavirus epidemic to make the nation superpower?

Since everyone knows that the Corona virus or covid-19 started from wuhan city of china.

As per the reports, China didn’t let any country know in its initial phase about the covid-19 virus.

When whole world came into the clutch of corona virus and when all countries especially the western countries like united States, European countries like United kingdom, Italy, France, Germany, Spain, Switzerland and many more countries including in middle east were affected, China went on buying the shares and stocks  of public companies listed in these countries.

 

The reports came claiming China as in the route of becoming superpower in the world through this biological weapon. But calling it as a trick to become superpower, or calling corona virus as biological weapon is not right, until and unless proper research is done on the same.

 

But somehow China finds financial opportunity during coronavirus epidemic to make the nation superpower. The cities in china are mostly recovered from Corona virus, and China has started the production as well.when most part of the world is under lockdown.

 

Recently The People’s Bank of China (PBoC) purchased 1.75 crore shares in one of the largest housing finance lenders, HDFC Ltd, possibly in the March quarter. The Chinese Central Bank has bought 1,74,92,909 crore shares, or 1.01 percent of the shareholding, according to exchange he People’s Bank of China (PBoC) purchased 1.75 crore shares in one of the largest housing finance lenders, HDFC Ltd, possibly in the March quarter. The Chinese Central Bank has bought 1,74,92,909 crore shares, or 1.01 percent of the shareholding, according to exchange data.

This has made India to take strict action India changed the FDI rule, the amendment to the FDI rule states, “A non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which shares a land border with India or where the beneficial owner of investment into India is situated in or is a citizen of any such country, can invest only under the Government route.”

 

In addition, the Centre has made another significant change in the FDI policy by blocking the indirect acquisition of investments by entities based in China. Now, change in ownership of the investment will also have to be cleared by the Union government.

 

At some certain extends we cannot deny about the facts that China finds financial opportunity during coronavirus epidemic to make the nation superpower.