Virus fallout rattles investors as China industry stops
Investors are rattled as the coronavirus outbreak keeps escalating. China represents 17 per cent of the global economy and a sudden partial freeze of its vast industrial base means testing times for Australia, one of its biggest trading partners.
An extension of the travel ban into Australia for people from China announced by Prime Minister Scott Morrison on Thursday underlined the seriousness of the situation. More than 1.4 million Chinese visitors arrive in Australia annually.
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