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David P. Goldman, PJ Media: Coronavirus is a bigger risk to the rest of the world than it is to China
New cases of coronavirus in China were running at 5,000 a day only a couple of weeks ago. The count of new cases is down to less than 100 a day, if you believe China's numbers. I don't, but the World Health Organization's declaration yesterday that the epidemic had peaked in China probably is accurate.
Just look at the world's stock markets. China's equity indices barely fluttered during the past couple of days while the US and Europe lost 3%-4%. The threat of an epidemic in Italy appears to have pushed markets over the edge.
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WNU Editor: I have trouble seeing most countries in the world closing borders and quarantining cities and large regions in the same manner that the Chinese have done to combat this coronavirus outbreak. This is unfortunate, because these measures do work. The above post is my must read article for today.