Shopping centres across the country are practically deserted, spelling tough times ahead for international luxury brands that have for years relied on China as their largest and fastest-growing market. Photo: AP
Opinion
Opinion
Outside In
Could the coronavirus epidemic trigger a China-led global recession?
- As Chinese factories shut and people stay home and spend less, global manufacturing supply chains are breaking down, tourism is depressed, and commodity prices are falling. The US may no longer be the only economy capable of causing a global slowdown
Shopping centres across the country are practically deserted, spelling tough times ahead for international luxury brands that have for years relied on China as their largest and fastest-growing market. Photo: AP