SouthKoreahas5,186confirmedinfectionsand31deaths
Japanhas999confirmedinfectionsand12deaths
SomecountrieshaveadoptedentryrestrictionmeasuresagainstJapanandSouthKorea,includingrestrictingdomesticpersonnelfromtravelingtoJapanandSouthKoreaandJapanandSouthKoreaEntryofpeople.Iftheepidemicfurtherescalates,morecountrieswillimposeentryrestrictionsandsuspendtrade,flights,andtourism.
IftheepidemicinJapanandSouthKoreacontinuestospread,andothercountriesescalatetheirrestrictivemeasuresagainstthetwocountries,itisexpectedtohaveasignificantnegativeimpactontheglobaleconomyandtrade.
Japan,SouthKoreaandChinahaveclosetraderelations,andtheirimpactonthedomesticindustrialchaincannotbeignored.
TheclosetradebetweenJapanandSouthKoreaandChinaismainlyreflectedin:
1.ChinaisthelargestimporterofJapanandSouthKorea;
2.JapanandSouthKoreaarealsoAsamajorexporterofintermediategoods,ChinaishighlydependentonintermediategoodsfromJapanandSouthKorea;
3.Fromtheperspectiveoftheindustrialchain,Japan,SouthKoreaandChinarelyoneachotherintheupstream,midstreamanddownstreamofthetradefield,andaredomesticindustries.Alinkthatcannotbeignored.
Iftheepidemicfurtherescalates,JapanandSouthKorea,asChina’simportanttradingpartners,willhaveadirectimpactonmycountry’supstream,midstreamanddownstreamsupplysidesduetobusinessshutdowns,logisticsshutdownsandreducedexports,andtheirimpactcannotbeignored.
The epidemic affects the global supply chain
“If only one factory can produce a certain product, if anything happens, the entire production line will be affected.”
We have seen some reports that customers pay air freight to get some accessories, and the freight More and more expensive. Obtaining parts by air freight becomes expensive, increasing component costs by 10% to 30%.
But if air freight is not used, the situation will be worse – without parts and components, production cannot continue, and then customers will be lost and the company will go bankrupt!
Under the impact of the epidemic, large-scale flights have been suspended, and air freight prices fluctuate and increase on an hourly basis!
As the world’s largest iPhone mobile phone manufacturer In terms of industry and commerce, Foxconn is still in the process of resuming work.
The resumption rate of Foxconn Zhengzhou Park is only one-tenth, and the production capacity has only reached about 40%-60%. Obviously, this is not good news for Apple.
Although Apple mentioned in its statement that iPhone production plants have started operations one after another, the speed of operation has not yet reached expectations, which may affect the production capacity and sales of new iPhones in March. Some research institutions have pointed out that the epidemic will reduce Apple’s sales by at least more than 1 million units.
When SARS broke out in 2003, China accounted for 2% of global GDP, but now it is 20%.
The National Bureau of Statistics of China released the “2019 National Economic and Social Development Statistical Bulletin” on the 28th. When interpreting the communiqué, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that in 2019, China contributed about 30% to world economic growth and continued to become the main source of driving force for world economic growth.
Russian experts said: “If the spread of the epidemic cannot be stopped quickly and the epidemic continues to spread to more countries and regions, the global GDP may be lost to US$1 trillion in 2020.”</p
