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CCTV Script 25/01/2016

– This is the script of CNBC's news report for China's CCTV on January 25, Monday.

Welcome to CNBC Business Daily, I'm Qian Chen.

The weekend's blizzard along the East Coast could have a limited economic impact, experts said.

Chris Christopher, macroeconomist at data firm IHS Global Insight, told AP that's because the storm hit on a weekend and there weren't any major power outages.

That meant there was little lost productivity in government and business.

Restaurants, theaters, other entertainment venues and some retailers might take the brunt of the hit, but overall, the impact might be relatively small due to three reasons.

First, many businesses may have made extra money, or at least made sales a little sooner, from people stocking up in advance on food, gasoline, alcohol, shovels, ice-melt and other items before the storms.

Secondly, some spending may just be delayed, but will come back anyway, for example, purchases of cars, houses, major appliances and even boots and warm clothing as people realize winter has finally set in.

Meanwhile, people whose homes or cars were damaged in the storm will be buying supplies or paying for repairs in the near future.

Other spending likely shifted around. For example, malls and movie theaters were closed over the weekend, but people had other options.

"After they did their shoveling," Christopher said, "they could be online shopping or ordering movies" via Netflix or cable on-demand services.

Christopher said the economic impact could be between $350m to $850m, based on the costs of past storms.

However, we will have to wait and see the final numbers till next month, when various types of economic data for January are released.

Businesses involving transportation were mostly shut down over the weekend, but were getting back on their feet late Sunday.

The top four airlines, which handle more than 80 percent of U.S. air traffic, resumed at least some service Sunday afternoon and were aiming to be nearly at a full schedule Monday.

As for the financial markets, major U.S. exchanges will be open and operational for normal hours on Monday.

CNBC's Qian Chen, reporting from Singapore.

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