NY Times: China Stopped Its Economy to Tackle Coronavirus. Now the World Suffers.

[Botany]

The virtual shutdown of one of the world’s biggest economies is hurting business around the globe, from multinational firms to truck drivers and tour guides.

If the coronavirus plunges the world into recession, China will be the biggest reason. Economists caution that its shutdown threatens the economies of Japan, South Korea, Europe and even the United States. Huge corporations like Apple, Microsoft, AB InBev and Pfizer have already seen an impact.

Even those warnings understate China’s reach. An economic disaster just four decades ago, China now touches the lives of billions of people around the world. China matters to Mr. Smerling, Chilean farmers, Thai tour guides, Indian automakers, Mongolian truck drivers and countless others who depend on its economic might.

When China stops, they feel it.

snip

The virus, he said, “is going to affect every level of American society.”

https://www.nytimes.com/2020/03/02/business/economy/china-coronavirus-economy.html

[dalton99a]

1. Coronavirus outbreak in China impacting the prom, wedding dress supply

https://www.radioiowa.com/2020/02/26/coronavirus-outbreak-in-china-impacting-the-prom-wedding-dress-supply/
Coronavirus outbreak in China impacting the prom, wedding dress supply

The coronavirus outbreak has already had a big impact on the stock market and now it’s hitting closer to home for some Iowans.

The manager of the “Heart to Heart” boutique in North Liberty tells KCRG TV the coronavirus outbreak is affecting the prom dress supply — which all have one thing in common. “I would almost say all of it comes from China,” boutique manager Rochelle Jeffers says. The American Bridal and Prom Industry Association reports about 80 percent of Western-style wedding dresses are made in China.

While Heart to Heart’s bridal dress supply hasn’t been affected much by shutdowns in Chinese factories — the prom dress supply has. “They stopped cutting the dresses, so they don’t make them anymore, so whatever is in stock is all that we can order,” Jeffers says. University of Iowa business analytics professor, Jennifer Blackhurst tells KCRG TV it’s not just the formal gown industry that’s feeling the ripple effects of the coronavirus outbreak.

“So much comes out of China these days that I think we’re going to see just about every industry impacted by this,” Blackhurst says. Blackhurst said that impact is heightened by how interconnected international supply chains are. “If a company here doesn’t have a direct supplier, let’s say, in China, they might have a supplier in China, and so I think over the long term, I think we’re going to see a more severe impact over time,” Blackhurst says.

[defacto7]

2. And the stats and the WHO say China seems to be

gaining ground against the desease and saving lives more efficiently than other countries.

I guess we have to decide if it's money or lives that count. We have to decide if we are going to tackle the epidemic as one planet, one world or stay an ideological island and take the consequenses.

[Wellstone ruled]

3. The real truth.

[Botany]

4. Trump fired the infectious disease experts from homeland security because Obama started ....

... that program when ebola and SARs were problems.

[Wellstone ruled]

5. Neice's Son said China

as well as Vietnam shut everything down until they got this Virus under control.

This is the real untold story.

[Botany]

6. I think I read that Wahun Province, China which is ground zero for Corona Virus ....

.... accounts for 60% of China GDP and 80% of China's exports ands it is shut down.

But don't worry we Mike Pence in charge of the problem.

[Wellstone ruled]

7. Wuhan is China's

Industrial Heartland and is where most of their Manufacturing is done. BTW,most of the Companies Brass do not live in Wuhan,they commute because of the Pollution levels within the City.

[maxsolomon]

8. Because American Corporations gleefully sent our Manufacturing there.

And now we're dependent on a massive transoceanic supply chain.

I wouldn't say I'm "suffering", however. I'm too much of a Nihilist for that.