BEIJING - The impact of the coronavirus outbreak on China's various industries will mainly show up in February, a vice-chairman of the country's state assets regulator said on Tuesday , as containment measures disrupt production and supply chains.
" in turn had a comparatively controllable impact in January operations and a major impact in February," Mr Ren Hongbin of China's State-owned Assets Supervision and Administration Commission told reporters during a press briefing, adding that consumer-oriented firms and firms at the end of industrial chains have been hit the hardest.
"We have pencilled in a fall in output of 2.5 per cent q/q," Mr Neil Shearing, group chief economist, wrote.
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