Coronavirus starts to take toll on Mongolian economy

/coronavirus-starts-to-take-toll-on-mong

  • Frontière avec la Chine fermée, probable interdiction des festivités du Nouvel an mongol (#Tsagaan_Sar), la Mongolie, où il n’y a pas de cas déclaré, souffre du #coronavirus

    Coronavirus starts to take toll on Mongolian economy
    https://theubposts.com/coronavirus-starts-to-take-toll-on-mongolian-economy


    (photo de 2017, quand je cherche le crédit sur gg, c’est mon billet de ST qui sort en premier https://seenthis.net/messages/652448 ;-)

    Mongolian economy has started to waver as the coronavirus continues to ravage China and the world with no end in sight.
    Unable to contain the new virus, China has shut down factories and restaurants, placed travel restrictions on millions of people, and trapped ships at ports. The largest export of intermediate manufactured goods now fails to provide for the Asian supply chain, which imports almost 40 percent of its intermediate goods from China, and the US, which imports around 10 percent of intermediate goods from China. The risk exposure outstretches to Russia, Europe and Australia based on a Bloomberg Economics analysis.
    […]
    Most businesses and traders make big money before Tsagaan Sar as people buy heaps of groceries, gifts and new appliances for their home in preparation for one of the biggest celebrations in the country. Unfortunately, preventive measures against the coronavirus have pushed businesses to the edge of loss as they’re unable to bring in supplies from Mongolia’s main trade partner, China, and authorities continue to encourage people to stay at home.
    […]
    Moreover, the government is considering banning Tsagaan Sar completely this year in an effort to mitigate risks of a coronavirus spread. This initiative is very likely to be enforced as more and more people express their support through social media and public polls. If the ban is placed, traders, especially small businesses, will have to brace for the impact.

    One good thing that came out of the current situation is that a growing number of customers are now leaning toward locally produced goods, particularly clothing and food products. They say it’s a safer choice now that China has been debilitated by the coronavirus, swine flu and bird flu.