Even though China's economy is today more than eight times as large as it was when it battled the severe acute respiratory syndrome (Sars) in 2003, it is more vulnerable to dislocations caused by the Wuhan coronavirus because of domestic and global economic conditions.
The external impact of a Chinese economic slowdown will also be greater, given that China accounts for about 17 per cent of global gross domestic product (GDP) today, compared with 4.3 per cent in 2003, and is far more integrated with the world economy.
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