Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that, with the spread of the coronavirus across China, several high profile international companies have suspended their Chinese operations. Google closed all of its outlets in Mainland China, Hong Kong, and Taiwan. IKEA closed all its 30 stores in Mainland China. IKEA earlier only planned to close half of its stores. McDonald’s closed all its 300 branches in Hubei Province. Multiple airlines decided to reduce or close their flights to and from China. Air Canada cancelled a full month of all flights to Beijing and Shanghai; Lufthansa, Swissair, and Austrian Airlines cancelled two weeks; Air France reduced flights for a week; British Airlines cancelled all flights to all Chinese cities. American Airlines and Delta both reduced flights. Lion Air Indonesia cancelled all of its flights to China. Indian’s IndiGo Air stopped flights to Chengdu, China, and Hong Kong. China has so far closed more than ten cities. Local spending saw a significant reduction in China. This might also be a reason to suspend retail activities.
Source: Lianhe Zaobao, January 31, 2020