Yale lecturer: China to rebound rapidly after virus attack, no long term damage

Stephen Roach, a senior fellow at the Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. [Photo provided to chinadaily.com.cn]

"In the third quarter, I think you'll see a meaningful rebound aided by measures taken by the central bank," he said.Roach said Chinese officials acted aggressively to contain the coronavirus, imposing travel bans and isolating entire cities. He called the actions"draconian" but necessary — and effective.

By comparison, the SARS outbreak in 2003 sickened 8,098 and killed 774, or about 9.55 percent of those infected. The coronavirus outbreak won't prompt international companies to transfer production to other nations because an efficient supply chain takes years to develop, and it's impossible to move and replicate it on short notice, he said.

We pray for China of course

YES I agree. fyi, China all out effort combat to contan covid-19 is impressive. New cases dipping on consecutuve days. China is Resilient, so is it's Enonomy., Impacted ASEAN & Global economies likely revive too.. chedetofficial FrancisYeoh333 WHOWPRO IMF POTUS Macyng3

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