Terms of Trade
China’s Economy Reawakens to a World Recoiling as Virus Spreads
Cranes stand idle at the Port of Long Beach in California last Sunday.
Photographer: Tim Rue/Bloomberg
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It can’t be an easy time to be a Chinese factory owner. At the turn of this year, with a trade deal with the U.S. about to be signed, the future looked brighter. The global economy seemed to be stabilizing, and the great slowdown in China was under control. Then the coronavirus erupted in Wuhan, and the world changed again.