China's New Year's Day Postponement of corporate activities postponed, concerns over economic outlook spread on February 4 at 6:24
In China, where the spread of the new coronavirus continues, the stock market in Shanghai dropped sharply on March 3 after the Lunar New Year holiday, and business resumption has been postponed in many regions. There is growing concern about the impact on the economic outlook.
In China, the spread of the new coronavirus has not stopped, with 361 deaths and more than 17,000 patients.
In order to prevent the spread of infection, Beijing, Shanghai, and other parts of China, such as Guangdong, where manufacturing industries are concentrated, have sought measures to suspend business activities and work from home until September 9 even after the Chinese New Year holidays end on March 3. As a result, the business district in the center of Beijing, the capital, remains quiet.
In the stock market in Shanghai, which was the first transaction after the holidays, sell orders increased immediately after the opening of trading on March 3, and the representative stock index “Comprehensive Index” was temporarily about 8.7 times higher than the closing price of last month before the holidays. % Fell sharply.
Official data showing the impact of the new coronavirus on the Chinese economy has not been disclosed, but estimates indicate that retail and eating and drinking businesses will cost more than RMB 1 trillion (over 16 trillion yen) only during the New Year holidays. Concerns have been growing that the consequences of the spread of the infection will spread further.
On the other hand, in Wuhan, Hubei Province, where the spread of infection is the worst, treatment was started at a specially constructed hospital, which was able to accept about 1,000 patients, but in Hubei Province, more than 2,000 patients could be treated in a day. There is a growing shortage of doctors and medical supplies.