"In some places in the United States and other developed countries hit hard by Covid-19, the question is when might it become possible to start getting back to work. For much of the rest of the world, the nightmare is yet to start. And part of the horror is that many poorer countries won't have the means to do much about it," wrote the New York Times. The US is estimated to have 160,000 ventilators, Sierra Leone has 13, South Sudan has 4 and the Central African Republic has 3. Of course, these African nations have much smaller populations. The global economy will contract by 3% this year, "the worst financial crisis since the Great Depression", said the International Monetary Fund (IMF). However, it predicts a growth of 5.8% in 2021, albeit on a lower base. Emerging markets do not have the financial means to stimulate their economies like the rich countries are doing, wrote Enda Curran and Michelle Jamrisko, as foreign funds pull out if interest rates fall. "Some $92.5 billion of portfolio investments held by nonresidents flew out of emerging markets over the 70 days starting Jan 21 -- when the coronavirus outbreak began gathering pace in China -- Institute of International Finance data show." The virus originated in a 'wet market', where meat of all kinds of animals is sold in extremely barbaric conditions, in Wuhan in China. China has tried every trick to divert attention from its uncivilized social behavior, from suppressing vital information to blaming others. In a letter to the Daily Telegraph in Australia, the Chinese Consulate General in Sydney wrote, "Recently the Daily Telegraph has published a number of reports and opinions about China's response to Covid-19 that are full of ignorance, prejudice and arrogance." To which Tim Blair wrote a point by point answer published over two pages in the Daily Telegraph. "In the civilised world, 'Bradman bats and bats and bats' is a famous newspaper banner. In Wuhan it's the name of a restaurant," he hit back. The World Health Organization and its Director-General Tedros Adhanom Ghebreyesus have been accused of suppressing a warning from Taiwan that the coronavirus was spreading from human to human, choosing to echo the Chinese denial instead. In a cheap slur, Ghebreyesus accused Taiwan of racism, to which, Taiwan invited him to visit the island personally, knowing he will not do so for fear of upsetting Beijing. Taiwan released an email to the WHO in December 2019, alerting it to the atypical pneumonia originating in Wuhan. Pending review, President Donald Trump has stopped US funding of the WHO. There is plenty of criticism regarding China. China has replaced Russia as "the foreign hand" in the US, wrote C Raja Mohan. The Daily Mail in Britain demanded a coronavirus compensation of 351 billion pounds from China. Tokyo is offering its companies over one billion pounds to shift production from China back to Japan. Whether we will return to the global supply chain centered on China once the pandemic is under control, we do not know. A global move away from China will be excellent for us in India.
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