The other calculation here, which has yet to be put into the public eyes....getting business operations back up and running (production). I’ve yet to see anything much.
Go look around Europe right now....80-percent of refrigerators sold are Chinese-made. The warehouse operations probably have enough to handle normal purchases up to mid-summer. At that point, if the production cycle hasn’t started up, I see vast shortages of refrigerator units. Same for air conditioners.
If Wuhan lost 250,000, and the other major cities lost similar numbers....major production will not start up for a while, and the replacement workers will produce sub-standard products for the next year or two.
[If Wuhan lost 250,000, and the other major cities lost similar numbers....major production will not start up for a while, and the replacement workers will produce sub-standard products for the next year or two.]
https://www.nationalgeographic.com/animals/reference/traditional-chinese-medicine/
https://en.wikipedia.org/wiki/List_of_countries_by_hospital_beds
A complete guess based on Italy’s ~10K number today multiplied by 20 to size the number up from Italy’s 60m population yields 200K.
Go look around Europe right now....80-percent of refrigerators sold are Chinese-made. The warehouse operations probably have enough to handle normal purchases up to mid-summer. At that point, if the production cycle hasnt started up, I see vast shortages of refrigerator units. Same for air conditioners.
If Wuhan lost 250,000, and the other major cities lost similar numbers....major production will not start up for a while, and the replacement workers will produce sub-standard products for the next year or two.
thanks so much for your fact-less panic-based screed. it was fun
That is the problem right there. The EU needs a tariff those imports now. The EU needs to stop de industrialization before it is too late, like the USA did foolishly.