Economy

Over 17,400 Infected, 362 Dead And 11 Confirmed Cases In US

Washington has "unceasingly manufactured and spread panic", Chinese Foreign Ministry spokeswoman Hua Chunying told reporters, noting that the World Health Organization had advised against trade and travel curbs.

The outlook is bleak not just for China, which could lose more than 1 percent of GDP due to the shutdown of business and manufacturing activity, but for other Asian countries that have become more dependent on Chinese consumption since the SARS outbreak in 2003, said Innes.

It comes as Washington on Friday declared a public health emergency and temporarily banned the entry of foreign nationals who have travelled to China over the past two weeks, to contain the spread of the outbreak. He added that it is "much too early" to consider it an emergency.

That contrasted with President Donald Trump's weekend comments that US officials had offered "tremendous help".

China has accused the USA of whipping up panic over a fast-spreading coronavirus, with travel restrictions and evacuations as Chinese stocks plunged on the first day back from the extended Lunar New Year holiday.

Novel coronavirus (nCoV) is a large family of viruses that causes illnesses ranging from common cold to acute respiratory syndromes. President Donald Trump announced in a proclamation Friday that foreign nationals who were in China, excluding Hong Kong and Macau, within 14 days of their arrival to the US would be refused entry. On January 31, a study by University of Hong Kong scientists predicted as many as 75,815 people in Wuhan could be infected with the new coronavirus.

The primary concern of health officials at this point is emerging data suggesting that those sickened with 2019 n-CoV may be able to pass along the virus to others even before they experience symptoms themselves.

At the time of the PHEIC declaration, almost 8,000 people contracted the virus around the world. The number of confirmed cases has since increased to 17,389 as of Monday morning, according to Tedros. So far, there are 11 confirmed cases of the virus in the U.S. The virus has claimed at least 361 lives in China. Two people who tested positive for the virus never visited China but were exposed to the virus through their spouse who recently returned from Wuhan.

"Canada believes the ban of entry has no basis, which is a sharp contrast for the US behaviours [sic]", Chunying said.

China's finance ministry will offer subsidies on interest payments for some firms hit by a spreading coronavirus outbreak, state-run newspaper Guangming Daily reported on Monday. "Currently, both patients are not hospitalized", officials said, maintaining that the risk "to the general public in California and locally in San Benito County continues to be low at this time". We are preparing as if this is the next pandemic. It's serious for the region and for the world. "That's why we're taking the steps we're taking to protect Americans right now".

Following the criticism, the Indian Government backtracked and said its advisory was issued as a "preventative measure" and not as "treatment advice" and that it has a clear plan in place to combat the spread of the virus.



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