> One of the biggest manufacturing economies has essentially shut down.

Had shut down. It's coming back online quickly.

Starbucks has reopened 85% of their stores in China. [1] Delta Cargo says 80% of factories in the north and 60% of those in the south are back up and running. [2] The number of new cases is dropping in China [3].

[1] https://www.moneycontrol.com/news/business/companies/busines...

[2] https://www.businessinsider.com/starbucks-reopens-china-stor...

[3] https://www.wsj.com/articles/drop-in-new-coronavirus-cases-i...