Today marks the first day of the Year of the Rat as we bid farewell to the Year of the Pig. Unfortunately, this supposed time of celebration clashes with the coronavirus outbreak catastrophe that originated from Wuhan, China.
The Lunar New Year in China is the world’s largest annual migration of people, with hundreds of millions of travelers fanning out across the country and the world, and hundreds of billions of dollars spent on hotels, restaurants and shopping. (Source: New York Times)
The outbreak will undoubtedly negatively impact the already slowing Chinese economy, but it should only be temporary, if it is, as some experts believe, not as severe as the SARS virus that infected more than 8,000 people, caused 774 deaths reported across 17 countries, and devastated many in 2002-2003.Read More