Sun Hung Kai Properties, which owns major malls in some of the local districts that host international fashion brands ranging from Coach to Zara, said on Wednesday it would reduce February rent by up to 50% for most of its tenants.
"Increase economic activity from here and the virus will spread, both internally and globally. Concentrate on just the virus, and the local and global economic impact will be enormous."
"Mortgage originations, including refinances, increased significantly in the final quarter of 2019, with auto loan originations also remaining at the brisk pace seen throughout the year."
Ending the limited quarantine and falsely proclaiming China safe for visitors and business travelers will only re-introduce the virus to workplaces and infect foreigners...
As global supply chains - most of which pass through China - crash and burn, Chinese end-buyers have two words for all those sellers who are now facing imminent bankruptcy: "force majeure."
Without making any prediction about how long this crisis will persist there is one absolute truth about business - that is, when commerce is interrupted, slowed or idled completely company revenues and profits drop hard.
