At the present time, China is tirelessly fighting the coronavirus throughout the country. Cities are being locked down. A hospital is built in ten days. The national holiday is extended. And people are staying at home.
While China and the rest of the world firmly believe this epidemic will soon come to an end, it remains critical to analyze the impact it will have on the global economy. This current coronavirus has earned many comparisons to the 2003 SARS epidemic. Critics are predicting its economic impact will similarly be short-term (not affecting the medium- and long-term growth trend). However, with so many uncertainties, it is very difficult to determine what the coronavirus’ effect will ultimately be.
In spite of the current circumstances, we must ask – are there opportunities that can be generated from this epidemic? During the 2003 SARS epidemic, Jack Ma recognized online shopping as an economic pathway during a dire time. In 2020, are there new economic possibilities to be explored?
CKGSB Americas, together with China Institute, present a special webinar, with expert economists and investors, where we will discuss the following: