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China coronavirus: public health measures will hurt economy in the first quarter, analysts say

Summary:
[unable to retrieve full-text content]China’s already weakening economy is set to take another hit with businesses across the country remaining shut for an extended public holiday and tourism grinding to a halt, as authorities struggle to contain the pneumonia-like coronavirus that has spread across the nation.Analysts said the virus control measures would affect first-quarter economic results, with a potential to spill into the longer term. A former Chinese government adviser called for measures such as reducing the tax burden for…

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[unable to retrieve full-text content]
China’s already weakening economy is set to take another hit with businesses across the country remaining shut for an extended public holiday and tourism grinding to a halt, as authorities struggle to contain the pneumonia-like coronavirus that has spread across the nation.Analysts said the virus control measures would affect first-quarter economic results, with a potential to spill into the longer term. A former Chinese government adviser called for measures such as reducing the tax burden for…

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