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Global impact grows as China's virus outbreak disrupts markets
China's virus outbreak slows global business as Denmark mink buyers skip a 2 million skin auction and Macau closes casinos for two weeks. Airlines cancel tens of thousands of China flights while GM and others curb travel. Italy and luxury goods feel effects as Chinese shoppers stay away. Macau, Hangzhou, Wuhan lockdowns weigh on supply chains, with IMF and Oxford Economics warning of slower global growth.
MENTIONED IN THIS ARTICLE
Beijing
China
Denmark
OAG
General Motors Co
Macau
U.S
Wynn Resorts Ltd
Las Vegas Sands Corp
Singapore
Thailand
Kopenhagen Fur
Jesper Lange Christensen
Hong Kong
Italy
Demoskopika
Milan
Monte- Napoleone
Wuhan
Hubei
Hangzhou
Alibaba Group
Washington
Hollywood Studios
Barclays
Morgan Stanley
International Monetary Fund
Louis Kuijs
Asia Economics
Oxford Economics
IHS Markit Technology Research
Informa Tech