Kevin Craig, founder and CEO of PLMR, said history shows the markets will recover and that open and honest communication from the private sector helps boost long-term confidence.
“It is important to remember that China has faced a similar crisis before, when an outbreak of SARS in 2003 spread to 26 countries and sadly killed over 800 people. There were similar concerns about the global economic impact then, too, but in reality China’s growth rebounded quickly and the decline in consumer spending wore off fast.”
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