JPM: Corona consumer channel checks
1. shopping malls or department stores that were still open during the period also saw a sharp traffic decline (down 80%~100%)

2. In Shanghai, restaurants were losing 80-100% of their reservations, as consumers try to reduce social activities

3. Several provinces such as Sichuan ordered the suspension of gathering activities and the operations of some facilities, including KTV, internet café bars, gyms, and swimming pools, etc. Besides, seven new-year movies cancelled their theater releases, and most cinemas were shut down during Chinese New Year.

4. For the first 21 days of CNY transport season (10-30 Jan), China recorded total 1.24bn trips in its transportation system, down 16.5% compared to the same period last year, according to the Ministry of Transport.