China’s economy may be stuck in neutral for months by mandated quarantines and business shutdowns as well as resistance from local authorities to issue work resumption permits, according to an American risk analyst based in Shanghai.
Kent Kedl, a partner with Control Risks, a global risk consultant group specializing in global risk analysis in Greater China and North Asia, and an expert on U.S.-China relations, says many offices in Shanghai are shut in the wake of the coronavirus outbreak. Factories in the region are open, but most are operating with skeleton staffs. The streets of China’s largest city are mostly empty, he said.
