You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

3 Feb 2020 (AFR) – Coronavirus costs China’s services sector $217b in a week

(3 February 2020, AFR, p10, Wang Jing and Denise Jia)

Beijing | China’s coronavirus outbreak cost more than 1 trillion yuan ($217 billion) in losses to the restaurant, tourism and movie industries in seven days of the Lunar New Year holiday, economists estimated. The coronavirus, which has already killed more than 250 people and infected more people than the SARS outbreak in 2003, has brought large parts of the country to a standstill. Chinese people are being forced to stay home, cancel travel and avoid gatherings, hammering the service industries.’

Read more at (might need AFR login access)

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: