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by LunaSea
2282 days ago
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Because they know that the worse the crisis gets, the harsher the economical consequences for China will be. Countries and citizens remember where the virus comes from, like they do for SARS and it they will put pressure on their governments to move production elsewhere. |
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Fortunately, for China, the country is starting to have enough local consumption that it probably doesn't need to be just an export hub any more (but undoubtedly it will hurt).
Edit: this will, I predict, hurt Western companies & shareholders as well. I expect many companies to be much more rigorously stress-tested for supply chain and/or labour issues, similar to how banks are stress-tested for credit issues. This will mean thinner margins, lower profits.