Coronavirus implications continue; reported deaths are now more than twice that from the 774 attributed to the SARS outbreak in 2003.
Fortunately while there are now confirmed cases in 24 countries, only
1 coronavirus death has been reported outside China, so far.
The real significance is that in 2003 China represented less than 5% of the global economy. It has since grown to over 17%, with its economy entwined with all major trading nations. China is a meaningful source of manufactured goods and components plus also a major customer of exporting nations for raw materials, energy and finished products.
For example China takes 80% of NZ log exports.
By way of contrast, the 1918 Spanish flu pandemic affected 1/3 of the planet’s population at that time, with 20-50 million fatalities. A grim prospect. However the following 1920’s were economically buoyant for those that survived.
“In order to achieve anything, you must be brave enough to fail”
-Kirk Douglas (1916-2020) American naval serviceman in WW2, movie actor, producer, director, author, philanthropist..and from a very humble start
(My KD favourites, ‘Gunfight at the OK Corral’ (as Doc Holliday); and a few years later in ‘The Heroes of Telemark’)
“It’s true there is no gain without pain. Sometimes you just have to hurt more than the other bloke. It was because of hard work, dedication and enthusiasm that I have maanged to have the modicum of success I have today”. And “much of what I leaned at school was not in the classroom”.
– Terry Snow (77), airport owner, marathon runner, philanthropist and recent donor of AUD20M to his old high school in Canberra.
Welcome to 2020, plenty ahead to get excited about!
“Do not get so distracted on the things around you; that you cannot focus on the things in front of you”
– Joetta Clark Diggs (1962-), New Jersey born Olympic middle distance runner and more latterly author, speaker and sports administrator