Global markets have been rattled by the epidemic in recent days, with the US S&P 500, on Friday notching up its worst week since October.
China saw economic growth of 6.1% last year - the slowest in around three decades, in part because of its prolonged trade war with the US. A partial trade deal easing tensions was struck earlier this month, but most tariffs remain in place.China's stock markets are dominated by retail investors - that's non-professional, usually small-scale buyers. They own a whopping 80% of shares on the Shanghai market.
The key question now is how bad the effect of coronavirus will be on China's economy - and as a result, on the fortunes of its companies. The truth is we just don't know. It is difficult to gett reliable data from China; typically during the Lunar New Year period it is challenging to gauge how many people are working, or producing things.
China's travel and tourism sectors have already taken a hit over an unusually quiet Spring Festival break, while cinemas were forced to close to try to contain the virus.
all this from eating dead animals at an illegal wildlife market apparently?!
If 1 person affects 2-4 people why are figures rising so neatly every day by roughly 2000? I’m not an epidemiologist but I’m afraid I don’t believe the figures!
Ya don't say!
and so it begins...
China’s economy is imploding. Currency manipulation is catching up with them, global trade deals falling apart, cheaper labor markets emerging elsewhere in Asia, and now this. So much for the burgeoning Chinese middle class.
Hopefully it tanks...
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Guardian - 🏆 84. / 53 Read more »