By Shreya Tiwari and Grishma Thapa for TES News

Kathmandu, September 7

ECOSOC committee commenced its second day of the final session with the GSL conferred by the delegate of China facing economic crisis causing supply changes globally with a crucial discussion among delegates held at The Excelsior School.

“China’s central bank unexpectedly cut interest rates by 10 basis points (0.1%) last week, after several data were released pointing to more weakness in the economy. Due to the suffering faced by China day by day, how will the Chinese people prevent themselves from this Crisis? Or they’ll end up like Sri Lanka?” The delegate of Taiwan raised a strong question creating a fuss in the committee among delegates.

The delegate of China opposed the statement uttered by the delegate of Taiwan saying that the government has been controlling major companies and the Yuan's exchange rate has also generated large improvements in the Chinese economy. Its regulations on foreign businesses have helped as well. So, this crisis will be ending soon which made every other delegate numbed.

“Moreover, not only creating an impact on its own country, but it has also affected the world’s economy by causing supply changes,” said the delegate of Taiwan.

Adding to the point of the delegate of Taiwan the delegate of India said “The crisis is increasing in China by 18.381 % and it seems will go on like this until the government takes a huge action”.

Moreover, adding to the delegate of Taiwan’s point “ China’s fighter jets are flying over Taiwan and destroying everything there creating a huge mess in Taiwan”, the delegate of Afghanistan said.

Arguing to the point delegates “The Chinese government has been helping all the people there. Also, it has been trying to improve this crisis by the foreign business going on there.” the delegate of China told.

The dias panel was impressed by the delegates' performance and said that the research is not much enough but also the engagement seen today in the committee is far better than previous sessions and is hoped to go on like this.

At last, the enthusiasm seen in all the delegates made the committee more engaging and is predicted to go on like this.