The pandemic has left many industries helpless, but edtech-based companies have been witnessing their sales skyrocket as the outbreak came to be a blessing in disguise for the industry. Let us take a look at how COVID-19 has acted as a game changer for edtech.
What if Nasdaq isn’t the dominant science and technology focused stock exchange? Investing Columnist Leo Wang explores the rise of Asia’s newest and most valuable market—one which also leads China’s counter against America’s technological and financial hegemony.
Despite recent metrics around the globe showing severe production declines as a result of coronavirus, Chinese GDP growth continues to be one of the fastest among developed and developing nations. That’s not a new story. While the rest of the world experienced recessions and layoffs, China blew through the 2008-2012 years, reaching an all-time productivity growth peak of 11 percent in 2011. By all official accounts, China is on track to surpass aggregate U.S. output and take the mantle of economic hegemony within the next several decades.
Chinese officials recently confirmed over 31,161 cases of the new coronavirus, furthering a global wave of panic. This number surpasses that of SARS, a similar respiratory infection that spread across China, which killed nearly 800 people and cost almost $40 billion worldwide between 2002 to 2003.