Coronavirus crisis could hike cost of gadgets as China is the world’s largest tech producer
CONSUMERS could be hit by rising tech prices as the coronavirus crisis hits China.
The country is the world’s largest producer of smart chips for telephones, tablets and other gadgets.
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Some factories have already closed, halting manufacturing that will have a knock-on effect for supply.
China also provides textiles and clothing across the globe.
There has also been a slump in production of textiles and clothing.
Car plants have already been shut for almost three weeks.
The knock-on supply of parts led to problems at plants in South Korea and Europe.
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Burberry has closed 24 of its 64 stores in mainland China.
Its chief executive warned that the virus is causing a "material negative effect on luxury demand."
Dozens of global airlines have curtailed flights to and from China hitting tourism.
SHOP WARNING
CUSTOMERS at a Chinese supermarket were told yesterday to wear gloves and masks.
A sign on the window of Yung Feng Oriental Food Store stated: “It has arrived in Brighton.”
The owner said: “I don’t think we are scaremongering. We are trying to make people safe.”
The sign continued: “The store only accepts customers in masks and disposable gloves. Gloves available in our store.”
Meanwhile, fridges, blankets and clothes were delivered to a conference centre in Milton Keynes, Bucks, where around 150 Brits on the next UK Government flight from Wuhan will go for a 14-day quarantine.
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