China's Lunar New Year nightmare: 3 billion trips and a virus

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BEIJING (BLOOMBERG) - The new respiratory virus sweeping China is hard to spot, potentially deadly and couldn't have broken out at a worse time.. Read more at straitstimes.com.

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BEIJING - The new respiratory virus sweeping China is hard to spot, potentially deadly and couldn't have broken out at a worse time.

It's hard to imagine a bigger challenge for public health workers in China and, as cases spread, around the world. In 2019, Chinese travellers made nearly 3 billion trips during the 40-day spring travel period, roughly comparable to 25 consecutive Thanksgiving travel nightmares. Officials said on Wednesday that the city has been placed under heavy supervision, public gatherings through the holiday period have been cancelled, and tour groups have been banned from leaving.

Huang returned their train tickets. The China State Railway Group has agreed to refund tickets to or from Wuhan. The government is encouraging airlines to do the same; Cathay Pacific and several domestic airlines have agreed to waive charges for passengers who want to reschedule or cancel travel there.

At the height of the outbreak, China's quarterly growth dropped by 2 percentage points, dragged down by transportation and hotels and catering. Retail sales growth sank to a historic low. Travel to and from Wuhan will take a hit, but whether that spreads depends on how bad the virus situation gets, said Zeng Fanzhe, a Beijing-based transport analyst at Tianfeng Securities.

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