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Experts weigh in on outbreak's impact on economy

chinadaily.com.cn | Updated: 2020-02-14 06:40

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A middle school teacher offers online classes in Handan, Hebei province, on Feb 10, 2020. Schools in China have postponed the start of the new semester due to the novel coronavirus epidemic. [Photo/Xinhua]

The novel coronavirus outbreak has struck some industries, but has also created new opportunities such as shifting consumption from offline to online including shopping, entertainment and education said Liu Mingdi from UBS Investment Bank.

Like the development of online shopping after the SARS outbreak in 2003, this event has moved service purchases online and provided an application scenario for technologies like big data, AI and cloud computing, Liu said.

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Experts weigh in on outbreak's impact on economy

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