Forget SARS, the new Coronavirus threatens a meltdown in China’s economy

South China Morning Post ^ | 02/15/2020 | Cary Huang

[SeekAndFind]

Given the rapid advance of medical science and globalisation of recent decades, the scale, spread and economic costs of human epidemics are rocketing up, even if fatality rates are starting to fall.

Never before has China paid such an economic price for an epidemic as it has done already with the coronavirus, which originated in the Chinese city of Wuhan and causes the disease now officially known as Covid-19. And the damage is spreading.

[2banana]

China is fooked. For at least the next six months.

To all you American companies and CEOs that moved their entire “supply chain” there...

You dumb and greedy fooks. You deserve everything that is coming.

[MeneMeneTekelUpharsin]

Solution: Forbid by penalty of death the consumption of any animal that is a carrier of a communicable disease.

[DownInFlames]

Yep.

[MeneMeneTekelUpharsin]

Return production to the United States. Now.

[DarthVader]

The Chinese have been hit with a bommerang of their own creation.

[cloudmountain]

Why should ANYONE be surprised?
Chinese filth gave the world the Bubonic plague.
I recall that the Asian flu, Hong Kong flu and now the coronavirus were born in the filth that is China.

The Chinese government, medical profession and others with a shred of brain all know this. I've said it before: CLEANLINESS COSTS and the Chinese simply prefer the cheap filth to the expensive cleanliness.

We will see MORE diseases from China from now until the end of time. The Chinese believe in two things:
1. Luck
2. Money

Cleanliness wasn't, isn't and never will be on that list. We know that and all the nagging at the Chinese AIN'T gonna change them.

We can embargo until the cows come home but those two things are DEEPLY EMBEDDED into their culture AS MUCH AS the 3. PROFOUND VALUE OF SONS and the 4. PROFOUND LACK OF VALUE OF DAUGHTERS.
Chinese families TOSSED DAUGHTERS down the well. With amniocentesis female babies simply weren't allowed to ever exist. Poor men found themselves called the "bare branches."

NOTHING is gonna change.

I would like to condemn them profoundly but the Chinese DO produce beautiful things. They SURE AREN'T all bad.

[cloudmountain]

The Chinese have been hit with a bommerang of their own creation.

The sad part is that they KNOW this and don't care enough to change.

[headstamp 2]

[[[Solution: Forbid by penalty of death the consumption of any animal that is a carrier of a communicable disease.]]]

I have read the cause of many of these illnesses is China’s live animal markets supplying a perfect breeding ground for them.

[USAF1985]

Haven’t seen anything on supply chain. How’s the food stocks in the cities? Rationing, hoarding, things like that. Last I heard, Wuhan ran out of food last week.

[cloudmountain]

Return production to the United States. Now.

YES.

Now, how to compensate the money lost for EXPENSIVE production HERE and LOTS cheaper production over THERE?
The money has to come from somewhere.

[My hand waving in the air...]Oh, I know, the U.S. taxpayer.
What else is new?
The Chinese think we're stupid.

[goldstategop]

A major economic meltdown would be the end of Communist Party rule.

The Party’s legitimacy is entirely performance based and if it cannot keep the economy afloat, its reason to rule disappears.

Its not dissidents that represent a threat to the Party elite, its their lack of control over possible future outcomes.

And this has Beijing very nervous, indeed.

[DarthVader]

No they are unpleasantly surprised!

[catnipman]

if the chinese economy really does melt down, it will take the world’s economy down with it as well due to the $2.5 trillion of world exports of critical machine and auto parts,tools chemicals, medications, electronics, household goods, and a billion other manufactured goods the world it dependent upon ... it’s blowing my mind that the U.S. stock market remains completely sanguine about this possibility ...

[catnipman]

“any animal that is a carrier of a communicable disease.”

that would include all pigs and chickens because they’re the source of most human influenza viruses ...

[central_va]

Now, how to compensate the money lost for EXPENSIVE production HERE and LOTS cheaper production over THERE? The money has to come from somewhere.

Your statement requires some in depth analysis which is sorely lacking here on FR.

First is you term "expensive." That connotes sky high labor costs which is not true. Most labor in the USA, over 90%, is NON UNION and not "expensive". The hourly rate is not as important as the cost of labor PER UNIT made. Labor is only 5%-6% of most non clothing/textile production ( textiles/apparel is only a small part of what we consume ). We are only talk pennies on the dollar for US labor at retail..

And what do we get for this one time wage inflation? We get balance trade and increase tax revenue, communities rebuild, we get people off welfare, we get lowered drug use because believe it or not Republicans, PEOPLE REALLY WOULD RATHER WORK FOR DECENT WAGES THAN SIT ON THERE BUTT.

[cloudmountain]

China is fooked. For at least the next six months.
To all you American companies and CEOs that moved their entire “supply chain” there...
You dumb and greedy fooks. You deserve everything that is coming.

Google: Seven deadly sins, also called seven capital sins or seven cardinal sins, in Roman Catholic theology, the seven vices that spur other sins and further immoral behaviour. First enumerated by Pope Gregory I (the Great) in the 6th century and elaborated in the 13th century by St. Thomas Aquinas.

SEVEN DEADLY SINS:
(1) vainglory, or pride--arrogance

(2) greed, or covetousness,

(3) lust, or inordinate or illicit sexual desire,

(4) envy,

(5) gluttony, which is usually understood to include drunkenness,

(6) wrath, or anger, and

(7) sloth.

=====================================

Each of these can be overcome with the SEVEN CORRESPONDING VIRTUES:
(1) humility,

(2) charity,

(3) chastity,

(4) gratitude,

(5) temperance,

(6) patience, and

(7) diligence.

.

Any questions?

[null and void]

Off hand, with half their population locked down, I'd say their economy has already melted down.

Bring Out Your Dead

Post to me or FReep mail to be on/off the Bring Out Your Dead ping list.

The purpose of the “Bring Out Your Dead” ping list (formerly the “Ebola” ping list) is very early warning of emerging pandemics, as such it has a high false positive rate.

So far the false positive rate is 100%.

At some point we may well have a high mortality pandemic, and likely as not the “Bring Out Your Dead” threads will miss the beginning entirely.

*sigh* Such is life, and death...

If a quarantine saves just one child's life, it's worth it.

[Black Agnes]

I don’t remember Nike’s being cheaper since production has moved to China.

[cloudmountain]

I don’t remember Nike’s being cheaper since production has moved to China.

Ya got me there. I taught yoga so I had bare feet covered with many pairs of socks. I gave up the tennis shoes a LONG time ago.