This article, written by WPIC CEO Jacob Cooke, originally ran on TechNode on April 7, 2020.
Thousand-point stock market losses, extensive media coverage, and a steady increase of never-before-seen disease. You would be forgiven thinking this was a Hollywood movie. If it were, the next act might involve global calamity and dire, permanent consequences.
In real life, however, global stock markets are indeed flirting with quadruple-digit losses, and the number of confirmed cases of the coronavirus has now exceeded one million. The epidemic has seriously altered typical ways of life for many Chinese citizens. And the economic changes will have medium-to-long term impacts on consumer habits in China.