How coronavirus is impacting China’s central role in the global supply chain

Much has been written on the coronavirus but very little is still known about its impact on the economy and, in particular the global value chain. Still, one thing is clear: the shock is bigger than SARS for the simple reason that China is much more important for the global economy than it was then. Beyond China’s much larger economic size, it is important to note that China is now much more integrated in the global value chain. By moving up the ladder, China has become a much more important player in exporting intermediate goods than before, which means that any disruption in China’s production capacity could affect the rest of the world more severely than in the past. It […]

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