The Economic Times (INdia) | Vikas Dendekar | Feb 14, 2020
China’s Hubei province is home to factories that produce important active ingredients of drugs made in China or India and shipped around the world. What will happen if the raw material supply to the global pharma industry stalls?
Nikkei Asian Review | Feb 9, 2020
China’s share of world trade has doubled since the SARS outbreak in 2003. Estimates show that a $10 billion decrease in Chinese manufacturing output would reduce the rest of the world’s output by $6.7 billion. South Korea, Japan and the U.S. in particular are likely to feel the impact the most.
CNN Business | Laura He | Feb. 11, 2020
Worker shortages, transport disruption, a lack of medical supplies and heavy-handed local officials are all making life difficult for businesses after large parts of the world’s second biggest economy were shut down for two weeks.
Bloomberg | Shuli Ren | Feb. 11, 2020
People all over China are going back to work, but factories capable of producing surgical masks are not able to produce enough for healthcare workers and citizens in China. Some companies that produce other goods are even beginning to produce surgical masks due to the shortage and China has been forced to purchase many masks from overseas.
The New York Times | Jan. 29, 2020
Alexandra Stevenson sheds light on how the coronavirus has impacted the global economy. The effects are varied and far-reaching and include major companies rerouting supply chains, closing stores, and leaving factories idle. These, along with a drastic reduction in consumption and tourism by Chinese citizens could have profound economic impacts.