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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Does Corona affect the trade exchange between China and Iraq?

    Rocky
    Rocky
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    • Post n°1

    Does Corona affect the trade exchange between China and Iraq? Empty Does Corona affect the trade exchange between China and Iraq?

    Post by Rocky Tue 28 Jan 2020, 1:51 am

    Does Corona affect the trade exchange between China and Iraq?

    •  Time: 1/27/2020 10:00 PM
       
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    (Baghdad: Al Furat News) China has emerged in recent decades as an economic power that represents a financial fulcrum for its stable economy, whether it is local, or as a polar force that has faced capitalist regimes and the sanctions imposed on it, and the yuan has often imposed a dollar.
    After the wars that were afflicted in some countries recently, and the economic disasters that caused it, the graph of the currencies of these countries declined to the lowest levels, especially Syria, Yemen, Iraq and Lebanon, China emerged as a first assistant by opening the trade route in defiance of all the sanctions imposed by America .
    It provided humanitarian aid to Syria and Iraq by sending the necessary foodstuffs to meet the needs of the people, and also deepened the means of commercial exchange with the Arabs.
    Trade rates between China and the Arab countries have gradually increased during the past decade, to reach 1190 billion dollars in 2012, as China tends to devote itself as a super polar country.
    Iraq had the largest share of the Chinese partnership, as Beijing sought to increase rapprochement with Baghdad by entering into huge commercial partnerships with it, as Iraq represented a huge market for Chinese goods and industries.
    Not only that, but in the same context, China is providing support to Iraq in many fields, including education, as China has pledged to provide training courses for teachers and send large aid in an attempt to pressure Washington to lift the escalation of Baghdad.
    After Iraq and Syria, Yemen, Lebanon, and many Arab countries come, which was the largest market by which China expanded its trade by offering its products, and through it it maintained its economic strength as great financial powers that faced the American blockade.
    Until the Corona epidemic began to spread, and the great fear that spread in the world from merely hearing the word "China", and after a few days the yuan fell against the dollar, and issued in one of the American sites that this virus will topple the Chinese economy, especially with the failure of thousands of people to travel to China, as well as I read from many economic reports that traders decided to replace Chinese products with other products even if it was at the expense of profit (given that there are big differences between them and other products in terms of price and quality).
    Even by looking at the rate of the orders of the Alibaba Chinese website, to shop online, we find that since the announcement of the first case, the demand has fallen to more than 80%, which is a very large percentage and with the coming days there will be an economic disaster for China if we consider the Alibaba website just An example is nothing more.
    Researchers and specialists believe that it is a mistake to happen like this. First, this virus is a coronavirus that does not transmit through clothing or electronic parts, and dies during cooking at high temperatures, like all viruses of the same specifications. In cancer cells, he explained that the generalization of the idea of ​​transmission of the virus through goods coming from China "and Sousse and its information is wrong."
    There should also be a highly professional awareness campaign, as Reuters reported in this regard that the "measure of fear" among European investors has reached its highest level since the third of December, which led to European shares falling 2% today, which is the rate Relatively large.
    And the psychological factor is considered a big role either by the decline of the Chinese economy or proving that people are wrong by focusing on ways to deter fear, and thus maintaining the largest economic partner for the Arabs. is over
    Mohammed Al-Marsoumi


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