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Coronavirus threatens economic damage around the world

Regional neighbors and European stocks are already facing losses

| China

When China sneezes, the world catches a cold. This old adage for the role the country plays in global economic growth is getting a new interpretation as the coronavirus outbreak which started in Wuhan threatens to spread to a stock market near you.

The mainland's mysterious outbreak, which has now killed 17, stopped a miniboom in its tracks. This week began with optimism about the "phase one" trade war truce between Beijing and Washington and about scattered hints Chinese growth might be stabilizing.

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