How Coronavirus is Affecting the German Economy

German companies with factories in China are facing major headwinds as Coronavirus continues to wreak havoc across the nation. Ziehl-Abegg, a machine manufacturer with a facility in Shanghai, has lamented the current state of affairs. Less than half of its employees are allowed to work at the plant following a new directive by Chinese authorities driven by health fears. Uncertainty has gripped the company which is incurring weekly loses of about €2 million.