Dissemination of the epidemic touched upon the real sector…

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The spread of the epidemic touched upon the real sector ..

Dissemination of the epidemic touched the real sector of the Chinese economy closes the business

On January 29, one of the largest automakers in the world, Japanese Toyota announced the suspension of its enterprises in China. On the closure of half of its Chinese coffee shops (about 2 thousand.) Announced the American network Starbucks. Previously, experts warned that the chinese coronavirus epidemic can affect tourism, airfares, retail sales, and will also reduce oil prices.

On Wednesday morning, Toyota stated that the two of its factory in China will not work at least until February 9. Now local workers Toyota are on vacation in connection with the Chinese New Year, which was celebrated January 25. The Japanese company noted that the suspension of enterprises was planned due to the holidays, but as the coronavirus and the growth of the died, the enterprises will not work longer than the previously planned.

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The Japanese Honda announced similar measures on Tuesday. The company reported that two plants for the assembly of motorcycles in the cities of Tianjin and Taicean will open no earlier than February 9, whereas initially planned to resume work on February 3. The power of the Honda plant in Tucksin is about 350 thousand. motorcycles per year, in Takesen – 500 thousand. Motorcycles per year. On February 3, Honda’s car assembly enterprises in Uhana should have been opened, but in connection with Quarantine in this city, the company reported that it was not yet possible to predict the time to resume their work.

This morning, British Airways temporarily abolished all flights to Mainland China and from it. This airline reported on its website, noting that it did on the recommendation of the UK Ministry of Foreign Affairs. This measure is valid until January 31 inclusive, while the airline evaluates the development of the situation in China. At the same time, flights to Hong Kong will be carried out as usual. British Airways, which carries out daily flights to Shanghai and Beijing from Heathrow Airport, brought their apologies to customers for those delivered inconvenience, but emphasized that “the safety of our customers and crews always stand for us in the first place.”. British Airways has become the first of major international air carriers who completely canceled all flights to Mainland China and from it. A similar decision on the eve of the Indonesian Lion Air, which will cancel all flights from February 1 “indefinitely”.

The Japanese Honda announced similar measures on Tuesday. The company reported that two plants for the assembly of motorcycles in the cities of Tianjin and Taicean will open no earlier than February 9, whereas initially planned to resume work on February 3. The power of the Honda plant in Tucksin is about 350 thousand. motorcycles per year, in Takesen – 500 thousand. Motorcycles per year. On February 3, Honda’s car assembly enterprises in Uhana should have been opened, but in connection with Quarantine in this city, the company reported that it was not yet possible to predict the time to resume their work.

This morning, British Airways temporarily abolished all flights to Mainland China and from it. This airline reported on its website, noting that it did on the recommendation of the UK Ministry of Foreign Affairs. This measure is valid until January 31 inclusive, while the airline evaluates the development of the situation in China. At the same time, flights to Hong Kong will be carried out as usual. British Airways, which carries out daily flights to Shanghai and Beijing from Heathrow Airport, brought their apologies to customers for those delivered inconvenience, but emphasized that “the safety of our customers and crews always stand for us in the first place.”. British Airways has become the first of major international air carriers who completely canceled all flights to Mainland China and from it. A similar decision on the eve of the Indonesian Lion Air, which will cancel all flights from February 1 “indefinitely”.

Last night about the closure of half of their institutions in China – about 2 thousand.- announced the Starbucks network. As part of the publication of the quarterly reporting, the company stated that “continues to carefully monitor the situation and change the hours of operation of all our institutions in this market, taking into account the outbreak of coronavirus”. “We expect this temporary measure. Considering the nature of the situation, the duration of its influence on the business, the reduced flow of visitors and financial consequences is now difficult to assess. However, we believe that it will have a visible impact on the results of our international operations in the second quarter of the fiscal year and only 2020 fiscal year. Our company will release an appropriate forecast for investors when we can evaluate the consequences of coronavirus to our operations, “says Starbucks.

One of the first among Western companies, who announced the suspension of their establishments in China, was the McDonalds network. At the end of last week, the company announced the temporary closure of restaurants in the five cities of Hubei Province, in the capital of which, the city of Uhana, and an area of ​​infection.

Chinese fast food networks are announced about the temporary closure of institutions. Wednesday did Haidilao – the country’s largest fast food network in the cooking segment in the traditional Chinese self-self-samovar. Networking will be closed on all mainland China, where the company runs 550 restaurants in 116 cities.

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Experts do not exclude that as the coronavirus is distributed and the end of the traditional New Year holidays on their forced extension can declare all new companies. At the end of last week, experts of the agency S&P Global Ratings noted that public foods, entertainment and tourist services will most affect the most. And in the middle of last week, Goldman Sachs analysts warned that a decrease in tourist activity due to a virus can lead to a reduction in fuel demand from airlines. This in turn will affect world oil prices by reducing them $ 3. Investbank made analogies with the SARS epidemic in 2002-2003, which also began with China and led to the death of about 800 people worldwide.

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