China poultry sector losses exceed 10b yuan on bird flu scare

China’s poultry sector has recorded losses of more than 10 billion yuan (HK$12.55 billion) since reports emerged of a new strain of bird flu two weeks ago, an official at the country’s National Poultry Industry Association said on Tuesday.

Authorities have slaughtered thousands of birds and closed live poultry markets in Shanghai and Beijing in an attempt to reduce the rate of human infection and allay growing fears about the H7N9 virus.

via Business feed http://www.scmp.com/business/china-business/article/1215985/china-poultry-sector-losses-exceed-10b-yuan-bird-flu-scare