, Columnist
Here's a Contagion That Beijing May Be Able to Stop
China’s government looks like it could keep production running by ensuring money flows through the supply chain.
Back to full production by the end of this month?
Photographer: Nora Tam/South China Morning Post/Getty
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When a financial crisis erupted in the U.S. a little more than a decade ago, the impact rapidly spread to all corners of the globe and idled factories in far-distant China.
Today, the Covid-19 outbreak has had a similar impact, with manufacturing brought to a halt from a disaster that started in China and escalated worldwide. One example is Hon Hai Precision Industry Co., the flagship of Taipei-based Foxconn Technology Group. Hurt before, it has been hit again.