The Chinese destroyed the village to save it. They have crashed the global economy and emerged to the other side first. They are back at work awaiting the global recovery, which they are best poised to exploit.
Keep in mind that the first objective of an authoritarian regime is to stay in power. They used this virus to crack down hard on dissenters.
Economically it probably hurts them the worst. They absolutely depend on exports to an extent few countries can match. If no one is buying their stuff, 10’s of millions of people are out of work there. And there is no bailout that can help them
China’s economy was heading South. They realized that Trump’s ultimate objective is to decouple from China. No way the huge, lucrative US market could be replaced.
The Chinese destroyed the village to save it. They have crashed the global economy and emerged to the other side first. They are back at work awaiting the global recovery, which they are best poised to exploit.
It seems increasingly likely to me at this point.