Senin, 03 Februari 2020

China’s reopened stock markets plunge as coronavirus outbreak set to become pandemic - The Washington Post

Jason Lee Reuters Security personnel wearing masks walk along the Financial Street in central Beijing, as the country is hit by an outbreak of the new coronavirus, Feb. 3, 2020.

Coronavirus cases continue to surge in China while new infections are being reported around the world. Stock markets in China, reopening after the Lunar New Year holiday, recorded their sharpest falls in more than four years on Monday, reflecting increasing concern about the damage the outbreak is inflicting on the local economy.

● China’s National Health Commission reported Monday that there are now 17,205 confirmed cases in mainland China, plus 15 in Hong Kong and eight in Macao, as well as 10 in Taiwan. The World Health Organization reported 146 confirmed cases in 23 countries outside China.

● China’s main share indexes plunged more than 8 percent, reopening after a 10-day break following the Lunar New Year holiday, as economists continue to revise down growth forecasts. Other Asian markets were calmer after large falls last week.

● China’s new “super-fast” hospital has opened in Wuhan, taking just eight days to build. With 1,000 beds, it will relieve pressure on Wuhan’s overhwhelmed medical facilities.

● Concerns are rising about possible outbreaks in Japan and South Korea after indications of tertiary transmissions of the virus there, not only in people who had visited Wuhan, the Chinese city at the center of the outbreak, but people two layers removed from that group.

● U.S. restrictions on travelers from China set to take effect as four more airports were added to list of those that can screen arrivals, raising the total to 11. Secretary of State Mike Pompeo also said more flights planned to evacuate Americans trapped at the outbreak’s epicenter.

4:43 AM: Coronavirus got you stressed? Chinese therapists recommend a good cry — or hitting something

TOKYO — If the relentless negative news about coronavirus is all getting too much, or if you’re trapped at home in China bored, feeling fidgety and starting to panic, Chinese psychologists have some suggestions.

Calligraphy and e-sports, reading, singing, exercise and meditation were just some of the ideas proposed at a news conference organized by China’s National Health Commission on Monday.

“Companionship from family and friends is important social support,” said Chen Xuefeng, the vice director of Institute of Psychology at the Chinese Academy of Science.

“Think about what valuable life experience you can get from this chapter of experience.”

China Daily

Reuters

Medical workers inspect the CT scan image of a patient at the Zhongnan Hospital of Wuhan University in Hubei province, China Feb. 2, 2020.

But for overworked medical professionals and community workers on the frontline of the battle against the virus, more radical measures might be needed.

“They should master some methods and solutions to get the negative feelings off their chests,” said Yang Fude, the Communist Party chief of Beijing’s Huilongguan Hospital. “For instance, if you feel depressed, you can find a place with no one around and cry out loud for a few minutes,” he said. “You’ll really feel relaxed after crying. It’s like how a downpour of rain can clear a cloudy sky.”

Yang said work shifts need to be arranged so everyone can get a reasonable amount of rest.

“Also if conditions allow, you can put a sandbag or a punch bag in the workplace, and take some minutes to do some boxing, which will return you to a relaxed state right away.”

By: Simon Denyer

4:15 AM: South Korea’s Moon calls for more intense measures to halt virus spread

SEOUL — South Korean President Moon Jae-in called on Monday for “exhaustive” monitoring to prevent the spread of coronavirus, with hundreds of schools closing and evidence emerging of the tertiary spread of infections in the East Asian nation.

On Sunday, South Korea joined the growing list of countries to impose restrictions on travelers from China, with Prime Minister Chung Sye-kyun announcing a ban on foreigners who have traveled to Hubei Province in the past 14 days, and a mandatory 14-day quarantine on South Koreans returning from Hubei.

Opposition lawmakers called for a total ban on all travelers from mainland China but Moon resisted those calls.

“China is our biggest partner in human exchange and trade,” Moon told a meeting with aides in Seoul. “China’s hardship is directly connected to our own hardship.”

Heo Ran

Reuters

Tourists wear masks to protect themselves against the new coronavirus in Seoul, South Korea, Feb. 3, 2020.

The number of infected people in South Korea rose to 15 over the weekend. One was among 701 South Koreans evacuated from Wuhan by charter flight, according to Korea Centers for Disease Control & Prevention (KCDC), while nine others were South Korean and Chinese citizens who had recently been there.

But others contracted the disease through more indirect routes.

A 54-year-old South Korean man tested positive for the virus on Thursday, eight days after he had dined in Seoul with an infected person who had returned from Wuhan. On Friday, two members of his family were also diagnosed with the virus.

South Korea’s Education Ministry has recommended schools close to stop the spread of the virus and announced on Monday that 336 had done so.

The United States military in South Korea has also instituted a 14-day self-quarantine for service members returning from mainland China.

By: Min Joo Kim

4:03 AM: Russia can now deport those infected with coronavirus

MOSCOW — A new Russian plan to prevent the spread of coronavirus allows for the deportation of foreign citizens who test positive for the disease, Prime Minister Mikhail Mishustin said at a government meeting on Monday, according to the Interfax news agency.

The new coronavirus, which has infected thousands of people in China, has been added to the country’s list of dangerous diseases, he said.

“That will allow us to deport foreign citizens who test positive for the virus and to impose special restrictive measures, such as isolation and quarantine,” he added.

Russia announced its first two cases of coronavirus on Friday — both Chinese citizens — and Anna Popova, the head of the country’s consumer safety watchdog, said “there’s no threat of the situation’s spreading further” because they’re in isolation rooms, according to Interfax.

Deputy Prime Minister Tatyana Golikova announced that Russia will send aircraft to the locked-down Chinese city of Wuhan on Monday to evacuate Russian citizens currently staying there, estimating there are more than 130 there.

The Russian Defense Ministry said it would allot five planes with military doctors and virology specialists to the evacuation effort.

By: Isabelle Khurshudyan

3:44 AM: China accuses the United States of ‘overreaction’ to coronavirus outbreak

BEIJING — China accused the United States Monday of creating mass hysteria with its “overreaction” to the coronavirus outbreak, part of a broader effort to portray Washington as using the health crisis for political gain.

“The U.S. government hasn’t provided any substantial assistance to us,” Hua Chunying, the Foreign Ministry spokeswoman, told reporters during the daily briefing, which was carried out on the WeChat messaging app rather than the usual in-person news conference to avoid potential transmission of the virus.

“But it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial withdrawal of its embassy staff, and the first to impose a travel ban on Chinese travelers. All it has done could only create and spread fear, which is a bad example,” she continued, according to translated remarks supplied by the Foreign Ministry.

“The U.S. is turning from overconfidence to fear and overreaction,” she said, taking aim at the Trump administration’s decision to ban travelers from China — despite the fact that a host of other countries, from Australia and the Philippines to Iraq and Indonesia have done the same.

She noted that the coronavirus outbreak was far less deadly that influenza in the United States, quoting a Center for Diseases Control and Prevention report that said 19 million people were infected and at least 10,000 died from the flu in the United States in 2019 and the first part of 2020.

“We hope countries will make reasonable, calm and science-based judgments and responses,” she said.

Hua also noted that the World Health Organization, the United Nations agency, “continues to have confidence in China’s capacity to control the outbreak.”

“There is no reason for measures that unnecessarily interfere with international travel and trade,” she said.

Hua had previously slammed the “certain U.S. officials” for inappropriate remarks, an apparent reference to U.S. Commerce Secretary Wilbur Ross, who last week said the coronavirus could “help” to bring jobs to the United States as companies moved operations away from China.

By: Anna Fifield

3:38 AM: Chinese authorities authorize evacuation of Taiwanese stranded in Wuhan

HONG KONG — For weeks, Taiwanese authorities have been badgering counterparts in mainland China to allow them to repatriate the 500 or so Taiwanese stranded in Hubei province. On Monday, the first batch of Taiwanese people were finally allowed to evacuate, slated to fly back home in the evening.

Those stranded in Wuhan include business executives, some of whom were on short-term trips in the city, students and tourists. The Taiwanese Mainland Affairs Office had no immediate details on who were among the first batch of 200 allowed to leave. At least one of the Taiwanese people in Wuhan has tested positive for the novel coronavirus, and will have to stay behind for treatment.

China has a tense relationship with the self-governing island of Taiwan, which it claims under the “one China” policy. Taiwan under the leadership of President Tsai Ing-wen has pushed back against that interpretation of the island’s sovereignty.

Taiwan has also been excluded from major international organizations over protests from China, which believes it should represent Taiwan in any international forums. Tsai and other Taiwanese leaders have repeatedly balked at this arrangement, particularly as the coronavirus outbreak spreads, and says it must be included and can contribute to the global fight against the disease.

The charter flight carrying the first batch of Taiwanese evacuated from Wuhan is due to arrive in Taiwan on Monday night.

By: Shibani Mahtani

3:15 AM: China’s ‘super-fast’ hospital opens for patients in Wuhan

TOKYO — It’s a race between the power of the Chinese construction industry and the fast-spreading coronavirus.

A new Chinese hospital opened in the virus-hit city of Wuhan on Monday, after taking just eight days to build, state media reported.

Ten ambulances were at the ready on Monday morning to take the first batch of patients to the Huoshenshan (“fire-god mountain”) Hospital, state China Central Television reported.

The hospital is designed to have 1,000 beds for patients with confirmed coronavirus infections and was handed over to military medics on Sunday. It will be staffed by 1,400 medical personnel from the People’s Liberation Army.

China Daily called it the “super-fast hospital.”

China Daily

Reuters

An aerial view shows the newly completed Huoshenshan Hospital, built in eight days to treat coronavirus patients, in Wuhan, Hubei province, China Feb. 2, 2020.

Its construction was modeled on a similar hospital build in Beijing in 2003 during the outbreak of SARS (severe acute respiratory syndrome) and involved 7,500 construction workers.

But no sooner had worked begun on the hospital on Jan. 25, than it became apparent it would not be large enough to relieve the massive shortage of beds in Wuhan as the virus spreads.

Another hospital, Leishenshan (“thunder-god mountain”), is scheduled to be completed on Feb. 5 with a further 1,600 beds. Similar hospitals are also being built in Beijing and other Chinese cities.

According to official figures, there are more than 11,000 confirmed cases of coronavirus in the central province of Hubei, but medical experts believe the actual number is many times higher. Many residents of Wuhan are staying home even if they fall sick, because there are few testing kits and no beds at hospitals in the city, and they fear catching the virus there.

By: Simon Denyer

2:47 AM: War on mah-jongg! Chinese police smash up tables to prevent public gatherings

TOKYO — China’s Communist Party seems to be launching an unofficial war on the popular Chinese game of mah-jongg, as police intensify efforts to prevent public gatherings that might spread coronavirus.

Videos circulating on Chinese social media and the Internet show police swinging hammers and axes to smash mah-jongg tables, not only the province of Hubei at the epicenter of the virus, but also in neighboring Anhui and in faraway provinces such as Yunnan in the southwest, and Gansu in the northwest.

Nicole Tung

for The Washington Post

Men play mah-jongg in a shop in the Prince Edward neighborhood of Hong Kong, S.A.R. on Wednesday, August 21, 2019.

Sichuan province in the southwest issued a ban on mah-jongg parlors on Jan. 28, and police in the capital Chengdu asked young people to report locations where their parents were playing mah-jongg, as many elderly people were apparently refusing to follow official advice to stay home. In Heilongjiang, in the far northeast, the owner of one parlor was among those arrested for defying a ban and keeping his parlors open, while players were “severely criticized and educated,” Heilongjiang Daily reported.

[Kimchi, cow poop and other spurious coronavirus remedies]

China’s provincial and municipal governments granted themselves far-reaching emergency powers last week to stem the spread of the virus, including enforcing blockades, closing business and schools and banning mass gatherings.

Mah-jongg, a strategic four-player game using small tiles, is one of the most popular pastimes in China, especially among the elderly, but it’s not the first time it has been in the Communist Party’s crosshairs.

Last October, police in several parts of China shut down unlicensed mah-jongg parlors, or those that they considered encouraged gambling, the BBC reported.

The latest videos drew a mixed reaction on China’s heavily censored social media platforms, with some people arguing people should wait to play until the virus had subsided, but others asking why the tables could not have been confiscated rather than smashed up.

By: Simon Denyer

2:35 AM: India reports third coronavirus case from Kerala, suspends visas from China

NEW DELHI — India on Monday confirmed a third case of coronavirus from the southern state of Kerala. The condition of the patient, a student, is stable. All three reported cases had recently returned from China, two of them from Wuhan, where the epidemic originated.

The cases have been reported from three different cities in Kerala, said Rajan Khobragade, a senior health department official in the state. As a precaution, he said, authorities have put nearly 2,000 people with a history of travel from Wuhan under house isolation.

India has asked its nationals to refrain from traveling to China. An updated advisory from the Health Ministry said that anyone coming from China post Jan. 15 could be quarantined. The Indian Embassy in Beijing temporarily suspended e-visas for Chinese passport holders and foreign nationals in China. Existing visas have been canceled. Over 58,000 incoming passengers from China have been screened at airports across the country.

Over the weekend, India evacuated over 600 nationals from Wuhan and are now quarantined for 14 days at an army-run camp, 55 miles outside of New Delhi.

By: Niha Masih

2:30 AM: ‘Handful’ more flights planned to evacuate Americans in Hubei

Secretary of State Mike Pompeo said Monday that there will be a “handful more flights” to bring Americans stranded in China’s Hubei province back to the United States, according to Reuters news agency.

Pompeo spoke during the Uzbekistan leg of his Central Asia Trip. He said the flights would also bring medical supplies to China and could bring back other nationalities as well.

Hubei Province has been largely cut off from the rest of the country in a bid to stem the spread of the new coronavirus outbreak centered in the regional capital of Wuhan. Thousands of foreigners have been trapped in the city and surrounding province, prompting several countries to send evacuation flights.

By: Paul Schemm

1:40 AM: China backtracks on Holocaust comparison over Israel border closure

JERUSALEM — A Chinese diplomat compared Israel’s closure of its borders to visitors from China over coronavirus fears to the Holocaust, beseeching the country not to bar Chinese travelers as Jewish refugees were barred by many countries in the World War II era, according to Israeli media reports.

Acting Chinese Ambassador Dai Yuming made the comments Sunday at a Tel Aviv news conference after Israel joined a growing list of nations trying to insulate themselves from the pathogen’s spread. The government has halted flights from China and barred noncitizens who had traveled to China recently from entering Israel. The Health Ministry advised Israelis returning from China to quarantine themselves at home for two weeks.

“I feel bad and sad,” Dai said, according to the Times of Israel. “Because it actually recalled [for] me, the old days, the old stories, that happened in World War II, the Holocaust. Many Jewish [people] were refused when they tried to seek assistance. Only very, very few countries opened their doors. One of them is China. I hope Israel will never close their door to the Chinese.”

Thousands of European Jews traveled to Shanghai after Nazis rose to power, at time when many countries closed their doors to the growing flood of Jewish seeking safe havens. Historians here acknowledged China’s role, but many pointed out that the Chinese government actually had little control over Shanghai entry ports at the time.

The Chinese embassy backtracked after the comparison was criticized.

“Regarding the news conference held today by the Chinese Embassy in Israel, we would like to clarify that there was no intention whatsoever to compare the dark days of the Holocaust with the current situation and the efforts taken by the Israeli government to protect its citizens,” the embassy said in a statement conveyed by Israel’s Foreign Ministry. “We would like to apologize if someone understood our message the wrong way.”

By: Steve Hendrix

1:16 AM: Japan girds for coronavirus outbreak as transmission fears grow

TOKYO — Japan needs to brace for a major outbreak in coronavirus, a leading expert said on Monday, with evidence mounting that even people with mild or no symptoms can infect others, and a high probability that a transmission chain has already established itself in the country.

Behrouz Mehri

Afp Via Getty Images

A man wears a face mask to help prevent the spread of the coronavirus while praying at the Sensoji temple in Tokyo on Monday.

“My assessment is that the spread of this virus is inevitable in Japan,” said Hitoshi Oshitani, a virology professor at Tohoko University Graduate School of Medicine and an adviser to the World Health Organization during the 2002-3 outbreak of severe acute respiratory syndrome, known as SARS.

“People have the ability to infect others even if they don’t have any symptoms or have very mild symptoms, so it’s not possible to find the whole transmission chain — an invisible transmission chain might already have been established in Japan.”

Japan has confirmed 20 cases of coronavirus. Eight of that number were Japanese citizens among more than 500 evacuated from Wuhan, and nine were Chinese tourists from Wuhan or people who had recently visited that city.

[Tokyo Olympics organizers look on anxiously as coronavirus menaces the Games]

But the other three had never been to Wuhan. A tour bus driver and tour guide fell ill after taking around a group of Chinese tourists from Wuhan, and another tour guide fell ill after working with the bus driver, taking around a different group of Chinese tourists from the northern city of Dalian.

Oshitani said Japan’s decision on Friday to bar foreigners who had visited China’s Hubei province probably came too late.

“Suddenly we may see a large number of cases somewhere in Japan,” he said. “It’s impossible to contain this virus.”

Oshitani believes there could be as many as 100,000 people infected with the virus in Wuhan, but says the mortality rate is “definitely” much lower than SARS, which killed nearly one in 10 of those infected. Still, the fact that the virus is so easily transmitted means a large number of cases “and more deaths unfortunately.”

By: Simon Denyer

12:04 AM: China markets, reopening after extended break, plunge on coronavirus concerns

TOKYO — China’s main stock indexes were down more than 8 percent on Monday, reflecting a buildup in negative sentiment during the long Lunar New Year holiday.

The CSI composite index of 300 leading shares traded in Shanghai and Shenzhen was 8.2 percent lower in early afternoon trade, marking the biggest one-day fall since an equity bubble burst in 2015, according to Bloomberg, and approaching the 10 percent limit which triggers a suspension in trade.

[Coronavirus infections predicted to grow exponentially; first death outside China; outbreak becomes political]

The fall reflected 10 days of unrelenting bad news since the Chinese markets were last open on Jan. 23, when the index also fell 3 percent. Many Chinese cities have postponed the reopening of nonessential businesses and offices, while many people are simply staying home.

Lian Weiliang, vice director of China’s National Development and Reform Commission, the key state economic planning agency, said the virus had its biggest impact on transportation, tourism, hotels and catering.

“It needs to be emphasized that the influence is interim and temporary, and it will not change the long-term good prospects of Chinese economy,” he told a news conference.

Aly Song

Reuters

A security guard stands at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, as the country is hit by an outbreak of a new coronavirus, Feb. 3, 2020.

Other markets around Asia were calmer on Monday, but have all suffered from the fallout of the deadly virus.

Hong Kong’s Hang Seng Index was up 0.1 percent after falling 5.9 percent last week, Japan’s Nikkei 225 index was down 1.1 percent after falling 2.6 percent last week, while South Korea’s Kospi index was flat after falling 5.7 percent last week.

In a research note, Oxford Economics said it was revising down its China growth prediction by two percentage points for the first quarter, and to 5.4 percent from 6 percent for the year as a whole, but warned “a more serious and long-lasting impact cannot be ruled out.”

By: Simon Denyer

10:02 PM: China virus cases jump to 17,205, with 361 fatalities

BEIJING — The National Health Commission in China reported Sunday that there have been 17,205 confirmed cases of illness caused by the coronavirus, plus 15 in Hong Kong and eight in Macao. The WHO reported 146 confirmed cases in 23 countries outside China. The U.S. Centers for Disease Control and Prevention on Sunday confirmed an additional case in California, involving a patient who had recently returned to the United States from Wuhan. That brings the U.S. case number to nine, with no deaths.

Aly Song

Reuters

People wearing masks are seen on a bridge in front of the financial district of Pudong, in Shanghai, as the country is hit by an outbreak of a new coronavirus, February 3, 2020.

Scientists suspect the true number of infections may be many times higher than the official count. So far, 361 people have died, all but one in China.

The most serious illnesses appear to be in the elderly and people with preexisting medical problems, and it is highly contagious. Unless contained soon, it could become a pandemic — a disease that travels almost everywhere on the planet in the same manner as influenza.

By: Anna Fifield

7:35 PM: Officials add four additional airports to those already screening for the coronavirus

On Sunday evening, just as new restrictions on passengers arriving in the United States took effect, the Department of Homeland Security added four additional airports to the seven where passengers arriving from China would be funneled for screening.

In additional to airports in New York, Atlanta, Honolulu, Los Angeles, San Francisco, Chicago and Seattle, passengers will also be funneled to airports in Dallas, Detroit, Newark and Washington’s Dulles International, where they will be screened for the coronavirus.

Under new protocols announced Friday, U.S. citizens who have been in Hubei province within 14 days of their return will be subject to 14 days of mandatory quarantine to ensure they receive proper medical care. Those citizens who have been in other areas of mainland China within 14 days of their return will been screened when they enter the U.S. and may be subject to up to 14 das of self-quarantine to ensure they haven’t contracted the virus. Under the policy, non-U.S. citizens who have traveled in China within 14 days of their arrival will not be allowed to enter the U.S.

David Paul Morris

Bloomberg

Travelers wearing disposable face masks check-in at the Air China Ltd. counter at San Francisco International Airport in San Francisco, California, U.S., on Friday, Jan. 31, 2020.

According to U.S. Department of Transportation data analyzed by Airlines for America, an industry trade group, there were an average of about 49 daily passenger flights between the U.S. and China for the 12-month period that ended in July. That number includes flights on both U.S. and foreign carriers.

However, the number of flights between the United States and China has dropped dramatically since the outbreak of the virus after Chinese officials closed the airport in Wuhan and began restricting travel in the country. Several U.S. carriers also canceled some flights. The U.S. Department of State also raised its China travel advisory to Level 4, its highest level of caution and said Americans should not travel to the region.

[Perspective: Past epidemics prove fighting coronavirus with travel bans is a mistake]

Last week, three major U.S. carriers — American, Delta and United, announced they would stop flying to and from China. American began halting flights on Friday, but Delta and United said they would continue operating some flights until this week to give customers and its own employees the ability to leave China.

Delta officials said their last China-bound flight will leave the United States on Monday. Its last flight from China is set to depart Wednesday. United said it will suspend all operations between its hub cities in Beijing, Chengdu and Shanghai beginning Thursday.

By: Lori Aratani

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2020-02-03 10:00:00Z
52780579291157

China says US hasn't given any significant help in coronavirus outbreak, created panic: report - Fox News

China's Foreign Ministry said on Monday that the U.S. has failed to give China any substantive help in its fight against the coronavirus outbreak and instead contributed to the international panic surrounding the illness, a report said.

China said it is unreasonable that the U.S. is preventing people from entering its borders, according to Reuters. The virus thus far is blamed in 361 deaths and 17,205 infections, mainly in the area around Huwan, China, the virus' epicenter. The foreign ministry added that some countries, like the U.S., overreacted to the outbreak and Beijing hopes nations around the world begin to make reasonable, calm and science-based judgments, the report said.

"All it has done could only create and spread fear, which is a bad example," foreign ministry spokeswoman Hua Chunying said, according to the news agency. He said countries like the U.S. have "strong epidemic prevention capabilities and facilities," but instead of following World Health Organization guidelines, the U.S. concentrated on travel restrictions.

Trump said in an exclusive interview with Fox News on Thursday that his administration is working closely with China during the deadly coronavirus outbreak and said the U.S. was in "great shape" thus far in dealing with the illness.

Speaking before his rally in Des Moines, Trump said he was "dealing very closely with China."

TRUMP SAYS US WORKING CLOSELY WITH CHINA ON CORONAVIRUS

"We are in great shape. China is not in great shape right now, unfortunately. But they’re working very hard," Trump said. "We’ll see what happens. But we’re working very closely with China and other countries."

CHINA SLAMS TRUMP'S CORONAVIRUS TRAVEL LIMITS: 'NOT A GESTURE OF GOODWILL'

There are now 11 confirmed cases in the U.S. as of Monday morning. although no deaths have been reported. There are six cases of infected in California, one in Arizona, one in Washington state, one in Massachusetts and two in Illinois.

The U.S. declared a public health emergency on Friday, with Trump signing an order barring entry to foreign nationals, other than the immediate family of American citizens and permanent residents who visited china within 14 days -- its longest incubation period. China criticized that decision.

CLICK HERE FOR THE FOX NEWS APP

The State Department also issued its highest level do-not-travel advisory for China.

“Just as the WHO recommended against travel restrictions, the U.S. rushed to go in the opposite way. Certainly not a gesture of goodwill,” said Chunying.

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2020-02-03 08:37:47Z
52780589258275

SARS Stung the Global Economy. The Coronavirus Is a Greater Menace. - The New York Times

In 2002, when a lethal, pneumonialike virus known as SARS emerged in China, the country’s factories were mostly churning out low-cost goods like T-shirts and sneakers for customers around the world.

Seventeen years later, another deadly virus is spreading rapidly through the world’s most populous country. But China has evolved into a principal element of the global economy, making the epidemic a substantially more potent threat to fortunes.

International companies that rely on Chinese factories to make their products and depend on Chinese consumers for sales are already warning of costly problems.

Apple, Starbucks and Ikea have temporarily closed stores in China. Shopping malls are deserted, threatening sales of Nike sneakers, Under Armour clothing and McDonald’s hamburgers. Factories making cars for General Motors and Toyota are delaying production as they wait for workers to return from the Lunar New Year holiday, which has been extended by the government to halt the spread of the virus. International airlines, including American, Delta, United, Lufthansa and British Airways, have canceled flights to China.

China’s economic growth is expected to slip this year to 5.6 percent, down from 6.1 percent last year, according to a conservative forecast from Oxford Economics that is based on the impact of the virus so far. That would, in turn, reduce global economic growth for the year by 0.2 percent, to an annual rate of 2.3 percent — the slowest pace since the global financial crisis a decade ago.

Returning from a long holiday for the first time since the coronavirus’ threat became clear, Chinese investors sent shares in China down about 9 percent on Monday morning. Stock markets around the world have plunged in recent days as the sense takes hold that a public health crisis could morph into an economic shock.

In a sign of deepening concern, China’s leaders on Sunday outlined plans to inject fresh credit into the economy. That will include a net $22 billion to shore up money markets as well as looser borrowing terms for Chinese companies.

Though China’s factories still produce a mind-bending array of relatively simple, low-value products like clothing and plastic goods, they have long since achieved dominance in more advanced and lucrative pursuits like smartphones, computers and auto parts. The country has evolved into an essential part of the global supply chain, producing components needed by factories from Mexico to Malaysia.

China has also risen into an enormous consumer market, a nation of 1.4 billion people with a growing appetite for electronic gadgets, fashion apparel and trips to Disneyland.

The trade war waged by the Trump administration has prompted a partial decoupling of the United States and China, the two largest economies on earth. Multinational companies that have used factories in China to make their wares have sought to avoid American tariffs by shifting production to other countries — especially Vietnam. The coronavirus might accelerate that trend, at least for a time, should global companies find themselves locked out of China.

The outbreak of the virus in Wuhan, a city that is home to 11 million people, prompted the Chinese government to effectively quarantine the metropolis and much of surrounding Hubei province, barring people from moving around.

Until now, the impact on factories was limited by the fact that the outbreak was unfolding during the Lunar New Year, the most important holiday of the year. Many businesses are closed during the holiday, while hundreds of millions of migrant workers return home to their families in the countryside.

In a bid to keep people home and halt the spread of the virus, the government extended the holiday through Sunday, adding three days. But the fear of the virus is so widespread and intense that many workers are likely to remain away from factory towns this week.

A frightening epidemic coinciding with a major holiday will almost certainly spell a substantial loss of sales for China’s tourism and hospitality industries. Hotels and restaurants that would normally be full of revelry are empty. Concerts and sporting events have been canceled. IMAX, the large screen film company based in Toronto, has postponed the release of five films it had intended to showcase in China during the holiday.

Even as the holiday officially ends, business is unlikely to return to normal. Many major industrial areas — including Shanghai, Suzhou and Guangdong province — have lengthened the holiday by at least another week, preventing workers from returning.

With flights to China limited and emergency public health restrictions in place, the Chinese operations of multinational companies are likely to be constrained. Major banks, including Goldman Sachs and JPMorgan Chase, are directing that employees who have visited mainland China stay home for two weeks.

General Motors last year sold more cars in China than in the United States. Its Chinese factories will be closed for at least another week at the request of the government. Ford Motor has told managers in China to work from home while its factories remain idled, said a company spokesman.

All of this could play havoc with businesses that depend on China for components, from auto factories in the American Midwest and Mexico to apparel plants in Bangladesh and Turkey.

If customers cannot buy what they need from China, Chinese factories could, in turn, slash orders for imported machinery, components and raw material — computer chips from Taiwan and South Korea, copper from Chile and Canada, factory equipment from Germany and Italy.

“This could potentially disrupt global supply chains,” said Rohini Malkani, an economist at DBRS Morningstar, a global credit rating business. “It’s too early to say how long it is going to last.”

Similar worries accompanied the outbreak of SARS in 2002 and 2003, when the virus emerged in the southern province of Guangdong before spreading across China and around the world, killing nearly 800 people in at least 17 countries.

China had just joined the World Trade Organization, gaining access to markets around the globe. It was harnessing its seemingly limitless supply of low-wage workers to produce cheap consumer goods. Its economy centered on exports. Its consumer market remained in its infancy.

In the years since, China’s annual economic output has multiplied more than eightfold, to nearly $14 trillion from $1.7 trillion, according to the World Bank. Its share of global trade has more than doubled, to 12.8 percent last year from 5.3 percent in 2003, according to Oxford Economics.

Its economic output per person has multiplied to roughly $9,000 last year from about $1,500 in 2003, giving households additional cash for an enormous range of consumer goods.

“China today accounts for about one-third of global economic growth, a larger share of global growth than from the U.S., Europe and Japan combined,” Andy Rothman, an economist at Matthews Asia, an investment fund manager, noted during recent testimony before a congressional panel.

The American semiconductor industry is particularly entrenched in China, which is both a major manufacturing hub and a market for its products. Intel’s customers in China accounted for about $20 billion in revenue in 2019, or 28 percent of its total for the year.

Qualcomm, the dominant maker of chips for mobile phones, is even more dependent on China, drawing 47 percent of its annual revenue — or nearly $12 billion — from sales in the country.

No one knows how long the coronavirus outbreak will last, how far it will spread, or how many lives it will claim. It is impossible to calculate the extent to which it will disrupt China’s economy. But China’s formidable stature in the world economy means that the impact of the current outbreak is likely to substantially exceed that of SARS.

“The knock-on effects for the global economy are going to be much larger than they were,” said Nicholas R. Lardy, a China expert at the Peterson Institute for International Economics in Washington.

For manufacturers, the timing of the outbreak may limit the damage. They just completed the fourth quarter, when production increases to meet demand for the winter holidays. The end of January is typically slow.

But the effects of the virus on supply chains, which have grown notoriously complex, are difficult to anticipate. A single part of an advanced product like a smart TV may be made of dozens of smaller components, with each of these assembled from other pieces. Companies themselves often do not know the suppliers that are three and four rungs down the chain.

“If you run out of widgets that are essential to production processes and all those widgets come from China, then it may well be that your production lines go to a halt,” said Ben May, global economist at Oxford Economics in London. “These problems are likely to be popping up all over the world.”

This became a problem in the aftermath of the 2011 earthquake and tsunami in Japan, which devastated manufacturers. Many companies assumed they were buying parts from a diverse range of suppliers, protecting them from shortages, only to realize that critical components were produced by single plants.

If that plays out in China, the consequences are likely to be great.

“We’re talking about a potentially vast swath of a country that the whole world depends on as a manufacturing workshop,” said Susan Helper, an economist at Case Western Reserve University and the former chief economist at the Commerce Department. “The effects will be unexpected.”

Apple assembles most of its products in China. The company has severely restricted travel in China for its employees, its chief executive officer, Timothy D. Cook, said on an earnings call on Tuesday.

Apple disclosed much wider volatility in its potential revenues for the current quarter in the face of uncertainties around factory production and sales of its products.

Those uncertainties deepened on Saturday. Apple, which derives about one-sixth of its sales from China, announced that it would close its 42 stores in the country.

Walmart buys vast volumes of its products from Chinese factories while operating 430 stores in the country, including in areas shut down by quarantine. The company has reduced hours at some stores, a Walmart spokeswoman said.

“We may still be in the early stages,” of the coronavirus crisis, Judith McKenna, who runs Walmart’s International business, wrote in an internal memo on Friday.

China is the world’s largest manufacturer of toys. At the International Toy Fair in Nuremberg, Germany, many Chinese suppliers expressed confidence that their factories would soon reopen, said Rick Woldenberg, chief executive of Learning Resources, a family-owned manufacturer of educational products and toys in Illinois.

“But no one’s quite sure how much of this information can be relied upon,” Mr. Woldenberg said.

Because of the trade war, the toy industry was effectively prepared for a moment in which its access to Chinese suppliers was imperiled, Mr. Woldenberg said. In December, when the Trump administration was threatening to impose an additional 15 percent tariff on Chinese imports, many toy companies sped up their orders to beat the deadline. Some shifted production to Thailand and Vietnam to avoid the tariffs altogether.

Toymakers will soon need to rebuild inventory. “If this goes on for four more months, we are talking about a big problem,” said Jim Silver, chief executive of TTPM.com, a consumer research site.

After SARS, China suffered several months of economic contraction and then rebounded dramatically. That might happen this time, too. The only certainty is this: Whatever happens in China will be felt widely.

“Clearly China has become a much more dominant player in the world economy,” said Mr. May of Oxford Economics. “It’s just so much more involved in the global supply chain. Over the last decade, it has been the spender of last resort for the global economy.”

Reporting was contributed by Jack Nicas, Patricia Cohen, Emily Flitter, Ian Austen, Don Clark, Michael Corkery, Julie Creswell, Neal E. Boudette and Gregory Schmidt.

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2020-02-03 08:00:00Z
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Minggu, 02 Februari 2020

Streatham: Man shot dead by police after stabbings in London - BBC News

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A man has been shot dead by officers in a "terrorist-related" incident in south London, the Met Police have said.

It is believed two people have been injured in stabbings on Streatham High Road.

Gun shots were heard just after 14:00 GMT on Sunday. Police later said the scene had been "fully contained".

Prime Minister Boris Johnson tweeted that his thoughts were with the injured and others affected. He thanked emergency services for their response.

London Ambulance Service said it was treating a number of people at the scene.

The Metropolitan Police said it was awaiting updates on the condition of those injured.

A large police cordon stretches from Streatham Hill station and there is a heavy police presence; helicopters are overhead.

Gulled Bulhan, a 19-year-old student from Streatham, saw the shooting take place in front of a Boots pharmacy.

"I was crossing the road when I saw a man with a machete and silver canisters on his chest being chased by what I assume was an undercover police officer," he told the PA news agency.

"The man was then shot. I heard three gunshots."

Eyewitness Daniel Gough said he was out for a run when he heard the shots and everyone ran.

"There was panic, people were yelling," he said. "A young girl running alongside me kept asking 'Is this what I'm meant to do?' - she was very distressed.

"I saw a policeman and he yelled, telling everyone to get back. His gun was pointing in the direction of a man on the floor.

"Suddenly, more police appeared. There were [officers] everywhere".

Videos shared on social media showed several armed officers get out of a car and approach a man lying on the pavement outside a branch of Boots.

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Adam Blake, also on the high road, described how he saw two or three cars crash into each other, including an unmarked police car, as the incident unfolded.

"Another police car carried on towards the hill pursuing someone," he told the BBC.

Mayor of London Sadiq Khan thanked emergency services for their "swift and courageous response", saying: "They truly are the best of us."

"Terrorists seek to divide us and to destroy our way of life - here in London we will never let them succeed."

Streatham's Labour MP Bell Ribeiro-Addy said her thoughts were with those injured, their families and those who witnessed the attack.

BBC journalist Steffan Powell, in Streatham, said armed police were everywhere and had been telling residents to stay inside.

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2020-02-02 16:02:46Z
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Confirmed case of coronavirus in Boston, possible case in New York - ABC News

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2020-02-02 15:11:45Z
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China deploys 1,400 military doctors, nurses to staff makeshift hospitals in Wuhan - Fox News


Following the first confirmed coronavirus death outside China, the country’s defense military on Sunday deployed 1,400 medical personnel to staff a new hospital in Wuhan, the epicenter of the outbreak of the novel virus that’s now killed more than 300 people and sickened more than 14,000 in China alone.

CORONAVIRUS DEATH IN PHILIPPINES SAID TO BE FIRST OUTSIDE CHINA

Meanwhile, the mysterious respiratory illness, which now can be spread from human-to-human contact, has infected at least six people throughout the United States, with confirmed cases in Washington state, California, Arizona and Illinois, according to the U.S. Centers for Disease Control and Prevention (CDC).

Upon direct order of Chinese President Xi Jinping, the People's Liberation Army (PLA) Air Force on Sunday began airlifting 1,400 medical staff as well as 58 tons of medical supplies to Wuhan, located in China’s Hubei province, the Chinese defense ministry said in a statement.  Many of the military doctors and nurses chosen for the job have experience treating either the outbreak of severe acute respiratory syndrome (SARS) in 2003 or Ebola in West Africa in 2014.

They are to join the 450 military personnel already in the city. The Chinese military took control of the newly constructed Huoshenshan Hospital on Sunday after it was constructed in less than 10 days. It is expected to open Monday and includes 1,000 beds, intensive care units and sections for diagnosis and infection control, China's state news agency Xinhua reported. Chinese state media has been live broadcasting the construction of a second makeshift hospital in the city, the Leishenshan Hospital, which is expected to be in operation by Wednesday, the Bangkok Post reported. That facility is to include 1,300 beds.

Over the weekend, a 44-year-old Chinese man visiting the Philippines died from the coronavirus, the World Health Organization confirmed Sunday. He and his female companion, who is currently hospitalized in Manila, both are from Wuhan and stopped in Hong Kong Jan. 21 before traveling to the Philippines. The death was reported hours after Philippine’s President Rodrigo Duterte was to issue a travel ban on all non-Filipino citizens from China, including Hong Kong and Macau.

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The novel virus has spread to at least 24 countries since its outbreak in China in late December. Seven countries – the U.S., Australia, Germany, Japan, South Korea, the United Emirates and Vietnam – reported new cases of coronavirus on Saturday, while Spain reported its first case, The Associated Press reported. The U.S., Australia, New Zealand and Israel have each banned foreigners from entering if they have been in China recently, while Russia, Mongolia and Nepal have closed land borders, AFP reported.

The Associated Press contributed to this story.

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2020-02-02 12:59:56Z
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First person outside of mainland China dies of Wuhan coronavirus - CNN

Philippines health officials announced Sunday that a 44-year-old Chinese man had died the day before from coronavirus after flying into the country from Wuhan, the Chinese city of 11 million at the center of the outbreak.
There are more than 14,300 confirmed cases around the world, and 305 people have died. All but one of the deaths have been in mainland China.
Within China, almost 60 million people remain on effective lockdown as the country battles to contain the virus amid reports its health system is on its knees, running out of beds and supplies.

International response

There are now more than 160 confirmed cases in 26 countries or territories outside of mainland China. And as the virus continues to spread around the world, governments are stepping up their responses.
The United States, Australia and New Zealand have all announced that they will not allow foreign nationals who have traveled from or transited through China to enter. All three countries will continue to allow citizens who have visited China to enter, although they will need to be quarantined.
Some governments have also raised their travel advisory warnings. The US, for instance, has labeled China a "do not travel" destination -- the highest possible warning.
A number of countries have evacuated their citizens from Wuhan. The US evacuated 195 Americans, who are under a 14-day quarantine on an air force base in California.
US Defense Secretary Mark Esper has also approved a request to provide military housing for up to 1,000 people who may need to be quarantined after arriving in the US from overseas travel, the Pentagon said in a statement.
Fears over the pandemic have rattled global stock markets and forced both US and global carriers to amend flight schedules as demand for China travel declines.
Major airlines -- including British Airways and Australia's Qantas -- have announced they will no longer fly to mainland China. Delta said it will suspend flights between the US and China starting on Sunday until at least April 30, according to a press release.

Chinese response

In mainland China, tens of millions of people remain under effective quarantine after the government imposed travel restrictions on a number of cities in Hubei province. Wuhan -- where the outbreak was first reported -- is the capital of Hubei province.
Although the outbreak has spread to every province and region of China, the outbreak remains worst in Hubei, where more than 7,100 have been diagnosed with coronavirus and 249 people have died.
A total of 57 million people across 15 cities in Hubei are on some form of lockdown. Huanggang -- a city of 7.5 million in Hubei province -- is only allowing one representative from each household to leave their home every other day to go out for grocery shopping in order to minimize the flow of people in the city.
The unprecedented decision to shut down entire cities comes as the country faces a shortage of medical supplies. Chinese Premier Li Keqiang has even asked the European Union to help China procure medical supplies, according to a Chinese government statement.
Patients and medical staff have also told CNN of delays in testing for the virus, raising concerns that the outbreak in China may be worse than is reported.

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2020-02-02 13:20:00Z
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