More than two dozen large trade fairs and industry conferences in Asia have been...
SHANGHAI/BEIJING - More than two dozen large trade fairs and industry conferences in Asia have been postponed because of the spread of the China coronavirus, shuttering events where billions of dollars worth of deals have been signed in the past.
The pushed back events, including some scheduled as late as the end of March, show the ripple effect the virus is having on businesses globally, with airlines cancelling flights as governments and companies curb travel, and thousand of factories and shops remain shut. Organizers of the East China Import and Export Commodity Fair - due to be held in Shanghai over March 1-4 - said they would postpone the event, without giving later dates. The fair that usually attracts traders of garments and household goods, announced $2.3 billion in deals last year.
“Clients are asking me, is it safe to go to China and that’s a very hard question to answer,” said Malcolm McNeil, a partner at global law firm Arent Fox, whose clients include U.S.-based firms with business interests in China.
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