Covid-19’s economic hit “manageable”: China’s EU envoy

Zhang Ming, China’s ambassador to the European Union, said “With business activity deferred and demand for services reduced there is some impact on the Chinese economy but it is limited, short term and manageable.”

China’s ambassador to the European Union hub Brussels said on Tuesday that the economic impact of the coronavirus outbreak would be “limited, short-term and manageable” and that Beijing had enough resources to step in if needed.

People wearing face masks walk in front of an Apple store at a shopping mall, as the country is hit by an outbreak of the new coronavirus, in Beijing, China. (REUTERS)

Find additional latest updates about novel coronavirus on our live blog.

“With business activity deferred and demand for services reduced there is some impact on the Chinese economy but it is limited, short term and manageable,” Zhang Ming told a briefing in Brussels.