For years, economists have warned that China is a super power that can cause havock to world markets.
I was brought up to believe, the bigger they are...the harder they fall.
I think that we are seeing in real time, the fruition of this statement.
China depends heavily on it's exports. Their huge shipping industry is dead in the water. Few countries want Chinese imports right now, or in the near future due to fears that the virus can transmit on anything! Pork, computers, cell phones, you name it. Because nobody in the world knows how this virus can contaminate. Better safe then sorry in this instance.
China depends on tourism. What tourism is happening now? Really? Hey honey, tickets are cheap to China. Let's go and take a gamble as to wheter we'll be dragged out of room and sent to an internment camp! A memorable trip of a lifetime!
In my opinion, and apparently most world leaders, China is lying about the severity of this outbreak.
Big time. Back to the beginning of my post.
The bigger they are the harder they fall.
China will not be a threat to the world's economics for a very long time.
With that said. My heart breaks for the hardworking, good people of China who are caught up in this mess.
Truly, my heart breaks for these innocents.
Yes but that’s going to affect the entire world. You can’t have an economic superpower fall without a domino effect. The economy doesn’t stop at most borders.