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China's Economy Skewed By Killer Virus

  • First cases reported

    First cases reported
    First cases (3 in total) of human infection with H7N9 reported.
  • Vietnam bans Chinese chicken

    Vietnam bans Chinese chicken
    Vietnamese Minister of Agriculture Cao Duc Phat says that the ban is meant to “actively and efficiently prevent the intrusion of the H7N9 virus into Vietnam'. Implementation of the ban is immediate.
  • U.S. soybean prices slump

    U.S. soybean prices slump
    The Wall Street Journal runs a story about tumble of oilseed prices to a 10-month low due to slow demand from H7N9-infected China.
  • Hong Kong stocks tumble

    Hong Kong stocks tumble
    Golbal Post reports about the 2.73 percent drop in Hang Seng indexes due to panic from the part of investors over the flu, especially in aviation sector.
  • Shanghai culls over 20,000 birds in one night.

    Shanghai culls over 20,000 birds in one night.
    The "radical" procedure, as dubbed by some, comes after H7N9 virus was detected in a poultry trading zone.
  • live poultry markets closed

    live poultry markets closed
    Local governments in Shanghai, the epicenter of the disease, and Nanjing shut down wet markets.
  • Pharmacies out of stock

    Pharmacies out of stock
    Craze takes over Shenzhen, Guangdong, Jiangsu and Nanjing where pharmacies run out of flu medicines and masks.
  • Infected birds asymptomatic

    Infected birds asymptomatic
    Ministry of Agriculture reports that birds show no sign of H7N9 virus, unlike during H5N1 in 2003.
  • Poultry sales drop 30%

    Poultry sales drop 30%
    In only two days, trading volume in Shenzhen and Nanshan wholesale poultry markets decreases significantly.
  • Consumers urged to shun chicken

    Consumers urged to shun chicken
    Feng Zijian, head of emergency response at the Chinese Center for Disease Control and Prevention advises consumers not to buy fresh chickens that are butchered on the spot.
  • Poultry trading banned

    Poultry trading banned
    Local governments in Suzhou and Anhui suspend live poultry trading.
  • TCM stocks rise

    TCM stocks rise
    Guangzhou Pharmaceutical Holdings Ltd. stock prices surge after official authorities backed traditional Chinese medicine (TCM) as a preventive measure to shirk infection with H7N9.
  • Demand for meat product weakens

    Liu Ligang, an economist with ANZ National Bank Ltd., says “the recent outbreak of the H7N9 avian influenza virus will weaken demand for meat products, which will help ease inflationary pressure in the next few months".
  • More poultry markets shut

    More poultry markets shut
    Local government in Shanxi shuts down live poultry markets.
  • Yum! Brands reports losses

    Yum! Brands reports losses
    Yum! Brands, parent company of KFC, confirms 13% decrease in sales volume during the month of March in China.
  • Beijing culls over 500 fowl

    Beijing culls over 500 fowl
    Slaughter takes place in suburban Shunyi District, where city’s first case of H7N9 was reported.
  • Corn delivery in China drops

    Corn delivery in China drops
    Chief Analyst of Yumi.com.cn, Zhang Qi says: "daily corn delivery in southern market has now dropped to less than 30,000 tonnes from the nearly 40,000 tonnes in March."
  • Poultry biz loses 10 billion Yuan

    Poultry biz loses 10 billion Yuan
    National Poultry Industry Association affirms that losses in poultry-related enterprises nationwide surpasses 1.6 billion U.S dollars.
  • Chicken sales drop $2.1 billion

    Chicken sales drop $2.1 billion
    China Animal Agriculture Association says that sales of live chickens and chicken products dropped by over 13 billion yuan since the outbreak.
  • Chicken, eggs prices slump

    Chicken, eggs prices slump
    Jiangsu Provincial Commission of Rural Affairs says "Wholesale price of live chicken has dropped by a third since the onset of the H7N9 outbreak", while wholesale price of eggs decreased 20 percent on month-to-month basis.
  • KFC's supplier frozen by H7N9

    KFC's supplier frozen by H7N9
    Fujian Sunner Development, KFC’s chicken supplier, posts 78.6 million yuan ($13 million) losses in 2013 Q1.
  • $600 million losses in economy

    China Animal Agriculture Association says "direct economic losses for broiler chicken breeders have exceeded 3.7 billion yuan (593 million U.S. dollars)".
  • New Hope Liuhe stocks drop

    New Hope Liuhe stocks drop
    New Hope Liuhe Co, a Shenzhen-listed company, stock prices falls 3.77 percent to close at 10.72 yuan ($1.73). The leading agribusiness operator announces sales of broilers in Shanghai have dropped by over 80 percent since the H7N9 spread.
  • Malaysia freezes chicken import from China

    Malaysia freezes chicken import from China
    Catering for 20,000 to 22,000 metric tonnes of frozen deboned, China accounts for 65 percent of the Malaysia's annual imports.
  • South Korea on alert

    South Korea on alert
    South Korea issues a travel advisory for the first time warning its citizens living or travelling in China to take precautions against the spread of H7N9.
  • H7N9 infects 130, affects 44 million

    China Anima Agriculture Association says "H7N9 influenza outbreak affects more than 44 million breeders and companies".
  • Chhicken price rises 0.1 percent

    Chhicken price rises 0.1 percent
    Ministry of Commerce reports that wholesale price of chickens grew 0.1 percent week on week, after declining for seven weeks in a row.
  • Subsidies for poultry industry

    Chinese central government announces subsidies worth 600 million yuan ($ 96.77 million) for poultry industry.
  • Tallied bill of H7N9

    Tallied bill of H7N9
    China Animal Agriculture Association says that the country's poultry industry has suffered losses totaling more than 40 billion yuan ($6.5 billion) since the outbreak of the H7N9 virus.
  • Loans for poultry firms

    Loans for poultry firms
    China Development Bank, the country’s policy lender, announces 116 million yuan ($18.7 million) of emergency loans to help poultry firms.
  • YUM! posts more losses

    YUM! posts more losses
    YUM! Brands, parent company of KFC and Pizza Hut, announces 29 percent decrease in sales volume in China during the April month.