Australian Dollar Australian Shares China Economy

China begins to shut as coronavirus explodes

Thursday, 23 January 2020

It’s increasingly likely that China is going to have to rerun its draconian SARS episode to stop the new coronavirus. The spread is exploding, via the ABC:

There are now 544 cases of novel coronavirus reported across China, with 17 confirmed deaths — almost double that reported a day earlier — according to reports in the country’s state media, Xinhua, the China Daily newspaper and Reuters.

The previous report pointed to nine deaths.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.