China is taking advantage of the Corona crisis

China is taking advantage of the Corona crisis
China is taking advantage of the Corona crisis, leading to huge investment in Asia's large economy

China, Asia's largest economy, has begun to take advantage of falling stock markets around the world due to the corona virus epidemic. People's Bank of China has bought 1.75 crore shares of HDFC Ltd, the country's largest lender.

As per the stock market data, the central bank of China has bought 1,74,92,909 shares of HDFC Limited. Which is a 1% stake in the company. The Chinese central bank made the purchase at a time when HDFC Ltd shares fell sharply due to the Corona virus epidemic.

HDFC shares are down 41% so far

The stock has lost 41% since the first week of February. HDFC Limited Vice Chairman and CEO Keki Mistry has stated that People's Bank of China had a 0.80% stake in the company as of March 2019, which has increased to 1.01% in March 2020.

China is investing in companies in Asia's big countries

China is buying large stakes in companies in big countries of Asia after the earthquake in the stock markets worldwide due to corona virus epidemic. In recent years, China has increased investment in Asian countries including Pakistan and Bangladesh, particularly in infrastructure and technology companies.

Born from china and spread around the world

The epidemic that the world is facing today and the world's economic situation is deteriorating, was born from the city of Wuhan in China. The first case of corona virus was reported from Wuhan city of China. Subsequently, the number of corona infections in China increased indiscriminately. At the same time, the virus slowly engulfed the entire world. Now, where all the countries of the world are battling this epidemic, the situation in China has come under control. Life is normal now in Wuhan, China and the lockout has been lifted from there.