image credit: Unsplash

Coronavirus hits China’s economy twice as financial contagion spreads across the globe

March 20, 2020


BEIJING — Chinese businesses are getting back to work just as many parts of the world are shutting down, and that could add a second jolt to the world’s second-largest economy.

Mainland China has reported zero new domestically transmitted confirmed coronavirus cases for the last two days, bringing some relief to a country that’s been fighting the disease since it first emerged in late December in the city of Wuhan. More than half the country extended a Lunar New Year holiday by at least a week in an effort to limit the virus’ spread.

Read More on CNBC