China regulator says epidemic’s impact on industry ‘major’ in February

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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.

“(The outbreak) in turn had a comparatively controllable impact in January operations and a major impact in February,” Ren Hongbin of China’s State-owned Assets Supervision and Administration Commission (SASAC), told reporters during a press briefing, adding that consumer-oriented firms and firms at the end of industrial chains have been hit the hardest.

Read more : Reuters

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