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Coronavirus overreaction risks disrupting business far beyond China

World now more dependent on Chinese high-end manufacturing

| China

Hopes that China will return to work this week appear dashed as factory gates remain locked and authorities struggle to halt the coronavirus. This will dent China's growth -- but it also suggests the virus's international economic implications could be more far-reaching than many realize.

Pandemics have cut output in multiple ways. Tourism is one, as visitors busily cancel Asian trips. Consumption is another, with shops and restaurants closed. Globally, however, the most significant hit will come from shocks to international supply chains.

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