US companies suspend China operations, restrict travel as coronavirus outbreak becomes global crisis
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Summary
Keep Me Logged InDisney, Tesla, more than a dozen airlines and other global companies with significant footprints in China are suspending operations, temporarily shutting factories and instituting travel restrictions as they grapple with the coronavirus outbreak that's derailed commerce in China and sent global markets spinning.Infections from the virus skyrocketed this week, topping 11,000 as of Friday and surpassing the total number of infections from the nine-month SARS outbreak in less than a month. A slew of companies this week warned investors that as the impact of the virus continues to spread, and institutions respond, it threatens to disrupt sectors from travel and retail to technology that look to the Chinese market for consumer demand or cheaper manufacturing in China.Most of the economic cost of the outbreak "is not related to the virus," said CEO of the World Travel and Tourism Council Gloria Guevara, who was the tourism minister for Mexico during the H1N1 outbreak.
As said here by William Feuer