Archives of “Cities in China” tag

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Wuhan’s ‘Bat woman’ says coronavirus is “just the tip of the iceberg”

  
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Shi Zhengli is known as China’s “bat woman” due to her work as deputy director of the Wuhan Institute of Virology

  • Is a virologist recognised internationally for her work on coronavirus in bats
Speaking in an interview on Chinese state television she said viruses being discovered now are “just the tip of the iceberg”
  • called for international cooperation in the fight against epidemics
  • research into viruses needs scientists and governments to be transparent and cooperative
  • “If we want to prevent human beings from suffering from the next infectious disease outbreak, we must go in advance to learn of these unknown viruses carried by wild animals in nature and give early warnings”
  • “If we don’t study them there will possibly be another outbreak.”
Comes via Bloomberg, more here at the link
Shi Zhengli is known as China's "bat woman" due to her work as deputy director of the Wuhan Institute of Virology

China says that preventing people from entering borders is unreasonable

  
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But isn’t that what they are doing in Wuhan?

I’m sure China isn’t too happy about the negative attention it is getting in the media because of the coronavirus outbreak situation.

But I don’t think you can blame others for taking more drastic action in order to err on the side of caution when there is still limited information regarding the virus itself.

The fact that we are seeing countries such as Singapore and New Zealand stepping up security travel measures may yet potentially spark others to do the same, and that is something China isn’t too happy about I reckon.

Check this out to put the coronavirus impact into perspective

  
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This is one perspective, there will be others.

  • When the SARS epidemic hit in 2003 China had an economy size aroiund USD 1.7 tln
  • Today it is nearly an order of magnitude larger, around USD 13.7 tln
  • & China’s economy accounts for around a third of global GDP growth

ps.  this from Apple’s Tim Cook on what is happening with his business in China this week:

  • “We have closed one of our retail stores and a number of channel partners have also closed their store fronts. Our sales within the Wuhan areas are small, but retail traffic has also been impacted cross the country (China) in the last few days.”

Bolding mine.

Multiply the impact on traffic to Apple stores across the economy.

china coronavirus

Coronavirus: British nationals returning from Wuhan to be quarantined for two weeks

  
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All 1,500 people who have flown in from Wuhan since mid-January will be asked to remain in isolation for at least a fortnight reports the UK Telegraph (link may be gated)

Wuhexit?
Health officials are now attempting to track cases to make sure they stay in their homes
  • But it is understood that they only have contact details for one in 10 cases who arrived on such flights.
Another 200 British nationals stranded in Wuhan.
All 1,500 people who have flown in from Wuhan since mid-January will be asked to remain in isolation for at least a fortnight reports the UK Telegraph (link may be gated) 

New coronavirus outbreak spreads to Beijing, Shanghai

  
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Chinese state media confirms its first reported case for Shanghai

Virus

Meanwhile, Beijing reported two confirmed cases hours ago as the number of people infected by the new virus in China having more than tripled since the weekend.

For some context, the infection – which happens to be a strain of coronavirus, leading to cases of pneumonia – first appeared in Wuhan last month.
If you’re wondering why this sounds familiar, it’s because the Sars virus is also a strain of coronavirus and health officials in China have so far said analysis of the genetic code of the new virus closely resembles that of the Sars virus.
This may not be something that has a direct influence on markets but just be wary that fear can take shape in many different ways. The ebola virus outbreak case back in 2014 serves as a good reminder of that, causing the equities market to shudder a little.
So far, outside of China there have been one confirmed case in South Korea, two in Thailand, and one in Japan – with regards to the new virus.
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