South China Morning Post (February 5)
“Thousands of Hongkongers camped out overnight in the cold after a company said it would release 6,000 boxes of surgical masks for sale during citywide shortages caused by the coronavirus outbreak.” After the crowd surged to 10,000 people, the company decided “to sell its entire stock of 11,000 boxes, each containing 50 masks.”
Tags: Coronavirus, Hong Kong, Shortages, Surgical masks
Bloomberg (February 4)
“Fears that the coronavirus will ravage global supply chains rooted in China are spreading fast.” For some industries this could be a blessing. “A hiatus from production in the world’s largest car market may force” automakers “to take some needed rebalancing.” Overcapacity and production are running rife. “China’s factories have the capacity to make over 60 million vehicles a year. Only a third of that number are sold. Yet carmakers seem unable to, well, stop making cars.”
Tags: Automakers, Cars, China, Coronavirus, Fears, Overcapacity, Production, Ravage, Supply chains