Sino File by Cary Huang
Forget Sars, the new coronavirus threatens a meltdown in China’s economy
- Sars’ fatality rate may be higher than Covid-19’s, but economically speaking the new coronavirus is far more deadly
- This time around, a worst-case scenario of financial collapse, foreign exodus and large-scale bankruptcy cannot be ruled out
Cary Huang is a veteran China affairs columnist, having written on this topic since the early 1990s. He joined the Post in 2004, and was based in Beijing between 2005 and 2013, first as a correspondent and then as bureau chief. He was previously China editor at The Standard from 1992 until 2004.