Charles Riley and Julia Horowitz, CNN Business: The coronavirus is already hurting the world economy. Here's why it could get really scary
Nearly two decades have passed since a coronavirus known as SARS emerged in China, killing hundreds of people and sparking panic that sent a chill through the global economy. The virus now rampaging across China could be much more damaging.
China has become an indispensable part of global business since the 2003 SARS outbreak. It's grown into the world's factory, churning out products such as the iPhone and driving demand for commodities like oil and copper. The country also boasts hundreds of millions of wealthy consumers who spend big on luxury products, tourism and cars. China's economy accounted for roughly 4% of world GDP in 2003; it now makes up 16% of global output.
SARS sickened 8,098 people and killed 774 before it was contained. The new coronavirus, which originated in the central Chinese city of Wuhan, has already killed more than 900 people and infected over 40,000 across at least 25 countries and territories. Chinese officials have locked down Wuhan and several other cities, but the virus continues to spread.
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Commentaries, Analysis, And Editorials -- February 14, 2020
Coronavirus: The search for ‘patient zero’ in global spread -- France 24
Analysis: Are coronavirus figures from China credible? -- Al Jazeera
ANALYSIS - Coronavirus: New 'Black Swan' of global economy? -- Nurullah Gur, Anadolu Agency
The Coronavirus May Mark The End Of Russia-OPEC Cooperation -- Fares Kilzie, OilPrice.com
Factbox: Events affected by coronavirus epidemic -- Reuters
Has the “Great Decoupling” Gone Viral? -- Kevin Rudd, Project Syndicate
The Guardian view on Idlib: nowhere left to run -- Guardian editorial
Avoiding a nuclear arms race in the Middle East -- Gen. Kevin Chilton (ret.) and Harry Hoshovsky, Defense News
Mass firings in Turkey: 'We have been given a social death sentence' -- Tunca Ögreten, DW
PLO’s Abbas Emerges As Incredible Shrinking Man -- Benny Avni, New York Sun
China and India’s maritime rivalry has a new flashpoint: the Andaman Sea -- Yogesh Joshi, SCMP
While US worries about China, Europe stays focused on Russia -- Robert Burns, The Associated Press
The US Should Accept Russia’s Proposed Moratorium on Post-INF Missiles -- Luke Griffith, Defense One
Brazil's most powerful gang is going international — here's how First Capital Command rose to power -- Angela Olaya and Héctor Silva, Business Insider/InSight Crime
One of the richest men in the world is paying the biggest meme pages to make him seem cool -- James Purtill, ABC News Online
How a Stock Bubble Could Unwind America’s National Security -- Sam J. Tangredi, Defense One
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