[h=1]China Wants to Use the Coronavirus to Take Over the World[/h]
[FONT="]W[/FONT][FONT="]hat[/FONT][FONT="] started as a catastrophe for China is shaping up to be a moment of strategic opportunity, a rare turning point in the flow of history. Suddenly, the protests in Hong Kong, carrying a mortal threat to political stability in the mainland, became a physical impossibility. More important, the pandemic set in motion a global competition, to contain the virus, for which China and the Chinese Communist Party seem uniquely prepared.
[/FONT][FONT="]Mao once said, “Everything under heaven is in utter chaos, the situation is excellent.” And so it seems at present, as seen from Beijing. Chinese diplomats stationed all over the world spend their time raising the stakes to a dangerous level. Following instructions from the very top, they have taken to the media to issue a challenge to America, to point out its failure, and to compare the chaos in American cities and hospitals with what they see as a singular success in stopping the epidemic in China.
[/FONT][FONT="]Last month General Motors, Ford, and Fiat Chrysler closed all their automotive production plants across the United States and Canada. Other sectors have followed. In the meantime, China contained the worst of the pandemic to one province, allowing economic activity to quickly resume elsewhere. The most recent data show renewed activity in the flow of goods across the country, as well as at ports worldwide that do business with China. If the freeze in Europe and America continues for much longer, Chinese companies will be able to dramatically expand market share and replace Western-led value chains. Just yesterday Chinese authorities announced that manufacturing activity expanded in March, defying expectations of a contraction. In February the official Purchasing Managers’ Index hit a record low of 35.7. It bounced back to 52.0 in March. Prepare for a worldwide wave of Chinese acquisitions at knockdown prices.
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