China postpones the administration of Covid-19 even though it “paid a high price”

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China announced Friday a “huge success” in its fight against coronavirus, at the opening of the annual high mass of the communist regime, which this year was devoted to the recovery of the Asian giant’s economy.

The first country affected by Covid-19, but also the first to emerge from it, China now has a goal: to revitalize its economy in the midst of a global depression. This is the subject of the 2020 session of the National People’s Congress (ANP, the Chinese Parliament), the annual mass of the Chinese Communist regime. But first and foremost, the Chinese premiere celebrated the country’s “major strategic success” when dealing with the health crisis.

“We, the sons and daughters of the Chinese nation, have remained united for an infinitely difficult period and have erected a wall of solidarity,” welcomed Prime Minister Li Keqiang in front of the 3,000 deputy assembled, masked faces [pour raisons sanitaires], at the People’s Palace in Beijing.

“We have achieved a decisive victory in the defense of Hubei Province and its capital, Wuhan,” in quarantine for two and a half months, said the head of government, and seems to ignore the criticism abroad, especially in the United States, against the alleged responsibility for his country in the beginning of the epidemic.

“A price that must be paid”

Li Keqiang said that the success of the epidemic “came at a high price. It was a price that had to be paid and was worth it,” he said, referring to stupa in the gross domestic product during the first quarter (-6.8%, a first in the history of the People’s Republic ). “The pressure on employment has increased sharply,” he said.

As a sign of the uncertainty the country faces, Li Keqiang has refrained from setting a growth target for the current year. “Our country will face certain factors that are difficult to predict,” he said. In response, the country will reduce the deficit this year to 3.6% of GDP (against 2.8% last year).

Beijing fears popular anger

“Beijing’s priority is to stabilize employment and guarantee the living standards of the Chinese population, with one primary goal: to eradicate rural poverty,” said Charles Pellegrin, France’s 24 correspondent in China. Its means: raising the threshold for the financial deficit and investing in infrastructure projects in the hope of creating 9 million urban jobs by 2020. “Beijing’s concern is to see an increase in social anger due to the decline in living standards. Social instability is an existential threat to Beijing , “the correspondent said.

The Prime Minister therefore announced the issuance of a government loan of 1,000 billion yuan [soit 128,5 milliards d’euros], to which is added a huge investment plan of 3,750 billion yuan (EUR 481.8 billion). Finally, the military budget will increase by 6.6% in 2020, a lower growth rate than 2019 (+ 7.5%). This announcement comes at a time when sovereignty disputes remain between Beijing and its Indian, Japanese neighbors and some South China Sea residents.

With AFP

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