The coronavirus is expected to have a discernible impact on Chinese oil demand, as the country grinds to a halt for extended public holidays. The central government has extended this year’s lunar new year public holi- days to 2 February, from 30 January, to limit the movement of people around the country and contain the spread of the coronavirus. Many municipal governments are extending the holiday further still. Shanghai will extend the break for non- essential businesses to 9 February and school holidays until 17 February. Many villages and towns are restricting road use to residents only.
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