The Asian Development Bank (ADB) estimates that the SARS pandemic resulted in a loss of $18 billion. In respect of China, a one per cent loss due to 2019-nCoV could amount to well over $136 billion; this is not a trifling figure. The economic shock will be felt by various projects China has planned within the country and abroad. Of particular concern to Xi Jinping will be the impact on the ambitious One Belt One Road initiative that is already suffering from numerous setbacks and uncertainties.
Author: Maj Gen Ashok Hukku YSM (Retd)
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