The Cornoavirus, which began in China, has infected more than 17,000 people, causing the U.S. and Europe to block visitors from China and screen returning citizens. Inside the country, companies like Apple and Levi Straus & Co. have closed down thousands of outlets, factories and offices. As one of the world’s largest economies comes to a standstill, the impact on the economy is significant. The benchmark Shanghau Composite closed down 7.7% on Monday February 3, losing nearly $400 billion in value. As the world works to contain and eradicate the virus, China’s economy looks for an opportunity to rebound.
Read more via the Wall Street Journal.