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China is sick and the global economy is shaking

Deserted streets and public transport, planes nailed to the ground, the 2019-nCoV coronavirus paralyzes much of China. Apple has closed all of its Chinese stores and Starbucks, half of its 4,000 cafes, and after Nike, Adidas announces the closure of many stores. Near Beijing, the assembly line of the Airbus A320 is now stopped. In South Korea, all the factories of the manufacturer Hyundai are about to stop for lack of spare parts produced in China.

In France, concern is spreading, because many sectors are dependent on imports from China, such as textiles, household appliances, computers and telecommunications. The luxury sector, which is particularly appreciated by Chinese consumers, could also be affected. But the Chinese ambassador to France, Lu Shaye, wanted to be reassuring. To limit the crisis, the Chinese central bank will inject 156 billion euros into the country's financial system to reinvigorate the shaken economy of the Middle Kingdom.

The News

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