World Economy Shudders as Coronavirus Threatens Global Supply Chains

World Economy Shudders as Coronavirus Threatens Global Supply Chains

HONG KONG– The last time a coronavirus outbreak hit China in 2003, the global economy emerged reasonably unscathed. Now, nearly twenty years later on, the growth-damping impacts of a comparable pathogen threaten to ripple around a world changed by China’s boom.

Chinese usage and production power growth from Asia to North America, Europe and beyond. Makers global are connected to China by the tentacles of a supply chain that depends on the nation’s factories for many intermediate and finished items.

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