Every country needs to take a hard look at the supply chain of critical goods such as medical supplies or chemicals and figure out how to reshore these factories. Even if the Chinese migrant workers comes back to the factory (estimated only around 20-30% did), most of the small businesses might be gone by then.
https://asia.nikkei.com/Business/Industry-in-focus/Virus-hit...
35% of 1,506 Chinese SMEs surveyed in early February expect to run out of cash within 1 month, 85% within 3 months.
Chinese small business which account for 99.8% of registered companies in China and employ 79.4% of workers, according to the latest official statistics. They contribute more than 60% of gross domestic product and, for the government, more than 50% of tax revenue.
https://asia.nikkei.com/Business/Industry-in-focus/Virus-hit... 35% of 1,506 Chinese SMEs surveyed in early February expect to run out of cash within 1 month, 85% within 3 months. Chinese small business which account for 99.8% of registered companies in China and employ 79.4% of workers, according to the latest official statistics. They contribute more than 60% of gross domestic product and, for the government, more than 50% of tax revenue.
https://www.zerohedge.com/economics/chinese-workers-refuse-g... Chinese workers refuse to go back to work
https://www.zerohedge.com/economics/jpmorgan-now-expects-chi... JPMorgan Now Expects China Q1 GDP To Drop To 1%, Crash To -4% If Coronavirus Is Not Contained