Coronavirus Nj
coronavirus nj, “We want to emphasize that we have sufficient toilet roll supply to meet demand,” Wellcome Supermarket said in a statement. “The temporary shortage was caused by the sudden and unusual surge in demand.” At least five people have died outside of mainland China from the virus. In total, more than 70,500 people in China have been infected with COVID-19 and 1,770 have died on the mainland, Chinese officials said. CLICK HERE TO GET THE FOX NEWS APP On Monday, China’s National Health Commission announced 105 new deaths over the past 24 hours. Most of those deaths were in the Hubei province, the epicenter of the outbreak, but three new deaths were recorded in neighboring Henan Province and two in Guangdong, the province next to Hong Kong.
coronavirus nj - China has been hobbled by the mysterious coronavirus that emerged in the central city of Wuhan; the ruling Chinese Communist Party is taking aggressive measures to regain control of the situation. Leading infectious disease experts in China predict that the coronavirus may peak this month. I pray that scientists and medical professionals will find a cure for this deadly virus soon. The coronavirus outbreak will have a lasting impact on China and the rest of the world long after the virus is contained.
coronavirus nj, The first impact is the deepening and widening of the decoupling effect. President Trump's trade war with China kick-started a decoupling of the two largest economies in the world. U.S. manufacturing companies have begun to move their factories and supply chains out of China during the trade war in order to avoid higher U.S. tariffs on imported goods from China. Now with so many Chinese factories and businesses on an extended break due to the spread of the coronavirus and a number of countries including the U.S. imposing travel restrictions to and from China, more industries and more countries are rethinking whether they also need to decouple from China.
coronavirus nj - For example, China is one of the major auto parts suppliers in the world. Automaker Hyundai had to shut its assembly plants in South Korea recently because it couldn't get the auto parts it needed from China, as suppliers in China remain closed. Other automakers are working on a plan B to secure auto parts they need to keep their own operations going. Businesses worldwide, from auto companies to hockey stick makers, have learned the downside of relying on one country to supply so many things they need. Not only is the decoupling of the U.S. and China's economies irreversible, but also the decoupling will likely expand to include other nations as well. Be ready to see more global supply chains shift out of China.
coronavirus nj - FAST-FOOD COMPANIES IN CHINA IMPLEMENT 'CONTACTLESS' DELIVERY, PICKUP IN WAKE OF OUTBREAK The decoupling will contribute to the second long term impact -- that China may be permanently stuck in the middle-income trap, an economic phenomenon in which a rapidly growing economy stagnates at the middle-income level and fails to transition into a high-income economy. The World Bank defines the middle-income economy as one where per capita income is between $1,000 to $12,000 per year at constant prices. By this definition, China has been a middle-income economy for more than two decades.