How Will the Spread of the Virus Impact China’s Economy and Trade?
China has become an economic powerhouse over the past several years, so concerns over reports of cities shutting down, the number of victims rising, and concerns over economic impact are quickly rising. According to an article by Time, China is the world’s largest manufacturer, and imports more crude oil than any other country. China was the United States’ largest supplier of goods in 2018, including electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion) and plastics ($19 billion), as reported by Forbes.