China is hurting. The entire global economy has taken a huge hit from the spread of the coronavirus, but so far none have been hit as hard as China, where the COVID-19 pandemic originated. The world’s second-largest economy came to a grinding halt back in January, leading to a historic economic slump for the nation that has seen nothing but growth in recent years. Last month Business Day reported that “China suffered an even deeper slump than analysts feared at the start of the year” as “industrial output plunged 13.5% in January and February from a year earlier, retail sales fell 20.5%, and fixed-asset investment dropped 24.5%. The unemployment rate jumped to a record 6.2% in February, when the outbreak worsened and much of the economy was shut down.” That has major implications for all of us. “China Stopped Its Economy to Tackle Coronavirus. Now the World Suffers,” proclaimed […]