China Regulator Says Coronavirus Impact on Industry ‘Major’ in February

Travelers with face masks and shields are seen at the Shanghai Hongqiao Railway Station on the last day of the Spring Festival travel rush, as the country is hit by an outbreak of the novel coronavirus, in Shanghai, China on Feb. 18, 2020. Aly Song/Reuters

BEIJING—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 Feb. 18, as containment measures disrupt production and supply chains.

Authorities throughout China have implemented various curbs on travel and movement in order to contain the outbreak. Such steps in turn have hampered the ability of companies to resume production, receive raw materials or send products to clients, disrupting their operations.