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China’s tourism industry has become one of the biggest economic victim during the new coronavirus outbreak, suffering billions of dollars in losses from canceled trips.
Analysts say the huge blow is likely to result in a major overhaul of the sector, with travel agents with weaker financial conditions and independent hotel operators the most vulnerable.
The impact is even more significant as the epidemic came during the Lunar New Year holiday, which is one of the country's biggest travel periods each year.
According to the Ministry of Transport, the number of . . .
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