China faces the possibility of a financial crisis, which would send a shockwave through the world

Chinese bank failures, loan defaults and supply-chain disruptions would put a dent in global GDP

 With the recent spread to Japan, South Korea and Italy, it looks like total infections will continue to grow. 

 With elevated valuations on U.S. stocks, it is unlikely that investors have discounted recessions, loan defaults or decreases in spending.

 MarketWatch 25 February 2020

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