Coronavirus: China regulator says epidemic's impact on industry 'major' in February

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BEIJING (REUTERS) - 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 (Feb 18), as containment measures disrupt production and supply chains.. Read more at straitstimes.com.

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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