AN UNHAPPY CHINESE NEW YEAR AS WUHAN VIRUS SEVERELY HITS TOURISM INDUSTRY

Highlights:

• Data reports that the country saw 73% fewer trips by Chinese residents over the holidays as compared to the same period in 2019.
• There was a 15% slump in yearly sales of bigger department stores in Japan over the 7 day Lunar New Year period.
• China's real private consumption growth dropped by 5.7% in comparison to 2019.

The outbreak of the deadly Wuhan vi....