Day: June 21, 2020

How Much Will Coronavirus Damage China’s Economy?

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The coronavirus crisis is getting out of hand across the world, with many countries already struggling to avert the catastrophic economic realities that the outbreak has caused. The deadly viral pneumonia has been worsening by the hour, prompting countries such as Italy, Spain, France, and Germany to lock down some of their urban centers. People all over the world are being advised to self-quarantine for at least a month and that has adversely affected consumer behavior. Manufacturing, supply chains, and service delivery is paralyzed in most leading economies.

But even as the world grapples with the possibilities of international trade crashing, there is one economic superpower that has been hit by coronavirus more than any other in the world: China. 

Almost every country has restricted travel to and from China, Wuhan and other provinces have been locked down, and business

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