The show must go on … : COVID-19 outbreak has undoubtedly damaged the global economy, disrupted trade, ruptured supply chains with business travel and events of all sorts coming to a standstill. The Beijing auto show, the first major in-person sales event for any industry since the coronavirus pandemic began; opened today in a sign China has a grip over the virus outbreak and or is in defiance of the bug. The global auto industry’s willingness to tackle the show’s logistical challenges amidst pandemic-driven restrictions highlights, their willingness to take risks. Although it is too early to conclude that, the onslaught of the deadly virus is receding; the world is clearly adapting to a new normal and go about its business. [Babu Das Augustine, Banking Editor]
Reuters