China Coronavirus Lockdown Crippling Global Supply Chain


With more than 50 million people on lockdown, economists warn China’s efforts to contain the coronavirus outbreak are reverberating through the global economy.

For two weeks major airlines have either scaled back or outright cancelled service to China, and many global retailers, including coffee chain Starbucks and furniture giant Ikea, have announced that they are temporarily closing outlets there. Yum brands, the owner of well-known fast food chains including KFC and Pizza Hut, said that it had been forced to close nearly a third of its stores in the country.

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