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Check this out to put the coronavirus impact into perspective

  
  Analysis
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This is one perspective, there will be others.

  • When the SARS epidemic hit in 2003 China had an economy size aroiund USD 1.7 tln
  • Today it is nearly an order of magnitude larger, around USD 13.7 tln
  • & China’s economy accounts for around a third of global GDP growth

ps.  this from Apple’s Tim Cook on what is happening with his business in China this week:

  • “We have closed one of our retail stores and a number of channel partners have also closed their store fronts. Our sales within the Wuhan areas are small, but retail traffic has also been impacted cross the country (China) in the last few days.”

Bolding mine.

Multiply the impact on traffic to Apple stores across the economy.

china coronavirus

China September activity data: Industrial Production 5.8% y/y (expected 4.9%)

  
Analysis, Economy
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IP, retail sales and investment data

Industrial Production 5.8% y/y  big beat
  • expected 4.9%, prior was 4.4%
industrial production YTD 5.6% y/y
  • expected 5.5%, prior was 5.6%
Fixed Assets (excluding rural) YTD 5.4% y/y small miss
  • expected 5.5%, prior was 5.5%
Retail Sales 7.8% y/y inline
  • expected 7.8%, prior was 7.5%
Retail Sales YTD 8.2% y/y
  • expected 8.1%, prior was 8.2%
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