The coronavirus outbreak rapidly escalated into a global pandemic, sending political, social and economic shockwaves around the world. The outbreak came just over a week after the signing of the phase one trade deal between China and the United States, and led to a reigniting of the long-term debate over decoupling of the world’s two largest economies.
The spread of the coronavirus will impact the global movement of tourists and students, with already strained links between China and the US set to be tested further.
Coronavirus has grounded flights, devastated worldwide travel and hammered air freight levels, leaving China’s aviation sector operating on a wing and a prayer.
Multinational companies are fleeing China at faster pace after the coronavirus outbreak validated exit strategies made during the US trade war.
Previously an idea on the fringes of the Trump administration, US-China decoupling is back on the agenda, bolstered by the coronavirus epidemic.