Enterprise in China postponed the resumption of work due to a virus

Moscow, February 3 – “News.Economy.” In most growth centres of China resume after the New year celebrations on the lunar calendar has been postponed for at least a week, as the country tries to contain the spread of the novel coronavirus, according to CNBC.

Photo: EPA/YU FANGPING

as of Monday morning, at least 24 provinces, municipality and other regions of China ordered companies not to resume work until at least February 10, according to the public statements of the authorities.

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“Wuhan pneumonia” in China has already claimed the lives of more than SARSРост manufacturing activity in China stayed at envirepel industrial enterprises in China in 2019 fell for the first time in four year last year for this part of China accounted for more than 80% of the national GDP and 90% of exports, according to CNBC calculations based on data from Wind Information. This means that such delayed return to work can have a significant impact on growth and international trade in the second largest economy in the world.

During the celebration of the New year according to the lunar calendar, many firms traditionally curtail their activities or be closed for a long period.

this year, however, the situation is aggravated by the outbreak of a new type of coronavirus. According to the state Committee of China health care, from ∎Wuhan pneumonia∎ died 361 people. Recorded more than 17 thousand cases of infection.

As reported “Vesti.Economy”, the Chinese government has extended new year holiday for three days, until 2 February in an attempt to contain the spread of the virus.

the Authorities have also imposed transport restrictions and strict public health measures that greatly affect the transport and tourism sectors as well as retail trade.

According to economists at Morgan Stanley, in the case of pointsing the Christmas holidays for a week across the country, the damage to the growth of industrial production in January and February, can be 5-8 percentage points. Text: News.Economy