China says six health workers have died from coronavirus, Singapore warns of recession

  • China’s Hubei province reported an additional 116 deaths and 4,823 new cases as of the end of Feb. 13.
  • Of the new cases, the government said that 3,095 were “clinically diagnosed.”
  • In total, Hubei authorities said that 51,986 people have been infected in the province.
  • The United States does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC.

Two weeks after the Lunar New Year holiday was originally supposed to end, Chinese businesses are still getting up to speed as the country deals with disruptions from a highly contagious virus.

The new coronavirus that began to grab national attention in mid-January has killed more than 1,300 people in mainland China. More than half of the provinces delayed the resumption of work from the first week of February by at least a week in an effort to keep people from interacting and spreading the virus.

In many places, businesses were scheduled to resume work this past Monday, but a variety of data indicates progress has been slow as the virus remains an unresolved concern. — Evelyn Cheng.

The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

In that time, factories are due to re-open in China, which would give a “better understanding on the resilience of China and on that basis, the spillover for the rest of the world,” Georgieva told CNBC’s Hadley Gamble at the Munich Security Conference on Friday.

She said the IMF was also watching how the new coronavirus was spreading outside of China, stating that it was “not a major issue for now” but if it spread into “weak health system countries, for example in Africa” that may change. — Vicky McKeever.

Chinese President Xi Jinping has urged the ruling Communist Party to repair loopholes and weaknesses exposed during the fast-spreading coronavirus outbreak, Reuters reported on Friday, citing state television.

His reported comments come shortly after China’s National Health Commission reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus.

The flu-like virus was found to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission said it had removed 108 deaths from the total figure due to a double-count in Hubei province — the epicenter of the global coronavirus outbreak.

It is the second day in a row that the province’s data changes have caused significant changes to a nationwide figure, fueling doubts many have about their accuracy. (See 1:15 p.m. update).

The White House does “not have high confidence in the information coming out of China,” a senior U.S. administration official told CNBC on Thursday.

Source: https://www.cnbc.com/2020/02/14/coronavirus-latest-updates-chinas-hubei.html

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