The impact on the rest of Asia has been estimated at $22bn © SOPA/LightRocket/Getty Images
The impact on the rest of Asia has been estimated at $22bn © SOPA/LightRocket/Getty Images

Coronavirus could cost China $103bn

11 March 2020

The coronavirus outbreak could cost China $103bn and the rest of Asia $22bn, according to the Asian Development Bank (ADB).

The ADB said losses would result through supply chain disruptions, declining domestic demand, production shortfalls and reduced tourism.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Essex
Up to £111,100
Essex County Council
Stratford E15 / Agile
£50,000
Swan Housing Association
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE