Just last week, executives of Honeywell, the American engineering company, traveled to Wuhan for a ceremony related to its plans to open an innovation headquarters. Wuhan in particular appeals to major companies because it is a major national transport hub. It is the home to more than one third of all French investment in China. The company employs about 2,000 people in Wuhan through its joint venture and was evacuating 38 expatriates. During the deadly SARS outbreak 17 years ago, which began in China and killed hundreds globally, some factories paid higher wages to bring workers back and get factories humming again.

Source: New York Times January 29, 2020 11:03 UTC