China Commerce Ministry (MOFCOM official Li Xingqian): Sees 'big' impact on food, agricultural sectors if coronavirus epidemic lasts; virus to 'hit hard' on domestic consumption in short-term;
- Reiterates expects consumption to gradually recover.
- Notes if the coronavirus 'crisis' lasts for a relatively long time, China's agricultural, food and labor
-intensive industries will be 'heavily' impacted.
- Reiterates epidemic won't hurt China's long-term consumption upgrade.