remain closed until february 9th shanghai is the financial capital joe and industrial home to foxconn johnson and johnson and samsung are also there now you'll remember the chaos when sobs hit while the chinese economy at that time was going gangbusters now the world's 2nd biggest economy is tailing off so officials really have something to worry about the reason travel shares the falling most is because so many markets are. the world now depend on chinese tourists only 16000000 chinese travel abroad back in 2002 that has skyrocketed it's gone up by well over 9 times as the costs pile up i asked our singapore correspondent andrea hang what this will mean for china well economists are already looking at 0.5 to $1.00 percentage point being shaved off china's g.d.p. and that's based off in already low forecasts of 5 point one percent now growth is already at its lowest slowest in 30 years and that's a record low for china and this could worsen even more when manufacturing and consumption are going to be hit by this outbreak major cities like the capital be doing for example they've lost a lot of

it's a similar situation in suit a large industrial hope foxconn johnson and johnson and some song that based. the chinese economy had already been slowing last year its all the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade for with the u.s. . and other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain the outbreak. i want to bring in our market correspondent chelsea delaney is standing by for us in frankfurt chelsea germany's dax index took a hit today and that was even before it was confirmation of the 1st coronavirus case here in germany how serious is it. i think for investors the real concern here is that there still is a lot that we don't know about the coronavirus how it spreads how long it incubates sort of the interactions between people and how that helps it spread so i think there's a lot of fear because there isn't there's a lot of uncertainty s

it's a similar situation in suture a large industrial hope foxconn johnson and johnson and some strong a based. the chinese economy had already been slowing last year its all the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade for with the u.s. . and other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain the outbreak. of a more i'm joined by fry of economists at pantheon macroeconomics in london so every day life in chinese cities from shopping to traveling has pretty much ground to a halt how big an impact will this paralysis how far on the chinese economy. but the economic impact is very serious at this stage in terms of like the deadly illness of the disease our main kind of point of reference has to be of course the outbreak of outbreak of sars in 2 $1003.00 and thankfully experts at this stage bill think that it's less deadly but in terms of the potent