February 18, 2020 / 2:42 AM / 2 months ago

China regulator says coronavirus impact on industries to show in February

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.

Ren Hongbin of China’s State-owned Assets Supervision and Administration Commission (SASAC) told reporters during a press briefing that more than 95% of central government-controlled companies in key sectors such as oil refining, communication, power and transport sectors are currently in operation.

Reporting by Lusha Zhang and Se Young Lee; Editing by Tom Hogue

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