SDYNEY: The outbreak of coronavirus may have cost China’s retail and food service sectors billions of US dollars in sales during the Lunar New Year week, according to a leading food and agricultural bank.
Revenue lost in both retail and food services during the Lunar New Year week could range from 20% to 80%, representing a fall of US$31bil to US$124bil, as major chains shuttered stores across the country, Rabobank said in a report.
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