China - Economic Giant
                                                                            China has become   Economic and Military Power.  It is said that after Corona Crisis China has won the Third world war with out firing single Missile.  The Corona Epidemic started from China and spreaded all over world. It has damaged the economy of the world including that of super power America.
                                                It is surprising that the Corona Virus which stared from China has now started to supplying  the testing kit and other medical supplies to the all countries who are suffering from the said Virus. It is Chines trick that they turn  all adverse situation in their own favor. China is a communist country which has been playing on the weakness of capitalist countries. The business World of all capitalist Countries wants more profits with less expenses. China played on that and supplying  cheap and quality goods as per their requirements. However Chines goods are not durable and cannot be used for long time.  But it suits their economies which based on using the thing for sometime and  to go for new one.
                                             That is how China with its authoritarian rule and  cheap labor attracted most of the assembling plants from all those developed Countries.  China started manufacturing Computer Circuit Board, Ram, Graphic Card, Key Typing Board, LCD Penal, Internet Modem, Micro Chips. Heavy Electrical Machinery. Besides that China also manufactures Mobile, TV, AC, Laptop, Auto Parts, Furniture/ Fixture, Medical Equipment,  Ceramics Tiles, and Raw Material for Medical Drugs etc. They are all of good quality and cheap. No country in the world can compit with China because it pays $2/- Per Hour Minimum Wages to its Labor against Minimum Wages of $10 to $15/- per hour of Western Countries. The Jail Prisoners in China are also forced to work in very low Wages.

                                           The crust of the problem is that most of the Western Countries transferred  their Assembly Plants to China for getting advantage of cheap quality goods. All those Countries are now paying heavily through their adverse balance of payments in trade with China. The Super Power America is also now having about  $ Three Trillion debt to China.  China has  invested all those those surplus fund in the Bonds and Blue Chip Companies of Western World.  Besides that China is also using its surplus funds to finance small and weak countries in order to exploit their economic resources and to increase its political influences over them. Thus China has now become Economic and Military Power in the World.
                                          The Corona Virus is now in control in the China and has  has started exporting its goods to other Countries. The Chines export have increased up to 3.5 % in the may 2020 when world is undergoing recession  under Corona Crisis. China has also increased the prices of its Exported Goods. They have increased 15% price of TV Penal. All these have created lots of resentments against China. There are are about 1500 foreign companies in China which are  owned by Japan, South Korea, and USA. They  have decided to shift those companies outside China. This may be great damage to Chines Economy but the question is who will substitute those skill and cheap labor along with quality Goods.
                                             ****************************