Blog: Dave LeggettSARS, Honda Guangzhou and East Asia's economies

Dave Leggett | 16 April 2003

I have just read that Honda 'is not considering' halting production at its automobile factory in Guangzhou, China, due to SARS. But the fact that Honda's president has had to issue such a denial in response to rumours is telling. It is being said that China's rapid rate of economic growth could be affected by SARS and that the auto industry stands to be particularly badly affected if the number of SARS incidences continues to rise. This is from The Economist newspaper: 'Economists are now predicting that SARS, a deadly pneumonia that originated in China, may have a more damaging effect on East Asia's economies than the war in Iraq.' Something to keep an eye on.


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