Migration of more than 50 company will break backbone of china

China's economy shrink first time in 10 years

China has world's second largest economy.USA still at first position  on the basis of economy.

We can say " china is the powerhouse of economy because it has a major part of consumption and production of goods and services.

The main reason behind sharp declination of China's economy is the disease COVID 19.
During the Corona virus crisis,china become obligate to lockdown the country which cause a major deficit in its economy.
Although China has recovered from this pandemic.

Another bigger problems are waiting for china.

Most of the foreign company are looking to move out from china.

Samsung going to shut down last Samsung plant in China

Sumsung,a South Korean company is going to shift its production from china to neighbouring country Vietnam
Samsung has officially announced to shut down the production in China.The company has already stopped its production in huizhou,China.
Besides Samsung, more than 50 global company are planning to move out from china. 

Although China is dangling to keep these companies in its country.
Along with these 50 global companies,Apple and Nintendo have announced or are considering plans to move its production out from china, according to Nikkei report.

According to Nikkei Asian review,Apple company is going for the trial production of its airpods wireless earbuds in the neighbour country,veitnam

.These movement of companies from china will crush its economy


An economist of Japan research institute,Yuji miura says that " There is a great possibility of the division of world market into China and non-china market".


Besides this "The another problem is smiling toward china is that China's investment in other countries is not easy now".

★India has done some amendment in its Foreign direct investment policy,so that no any neighbour countries including china can invest in India without being approved by indian government.

Other countries like as itly has already done such amendment to restrict investment of china in their country

Due to this economic crisis,the unemployment rate in  hike China will hike rapidly