Economic impacts of Wuhan 2019‐nCoV on China and the world

Uncertainties over the Wuhan 2019 Novel Coronavirus (2019-nCoV), which has killed at least 1,775 people and sickened more than 70,000 as of February 17,1 has interrupted global trade and supply chains, depressing asset prices, and forced multinational businesses to make hard decisions with limited information. Wuhan has been identified as a principal financial hub for central China. It is a significant transportation and trade center, hosting the headquarters of the nation's major local steel and vehicle makers. The city also serves as home to more than 300 factories of the world's best 500 companies, including Microsoft, German software company SAP, and French car maker Groupe PSA.2 In recent years, its…