China reported a decrease in the number of new deaths and new cases of the coron...
SHANGHAI/BEIJING - China reported a decrease in the number of new deaths and new cases of the coronavirus on Saturday, while its central bank predicted a limited short-term economic impact and said the country was confident in winning the fight against the epidemic.
But the number of infections continued to rise elsewhere, with outbreaks worsening in South Korea, Italy and Iran and Lebanon. The World Health Organization warned that the window of opportunity to contain the international spread was closing. The virus has spread to some 26 countries and territories outside mainland China, killing 11 people, according to a Reuters tally.
Chinese scientists on Friday reported that a woman from Wuhan had traveled 400 miles and infected five relatives without ever showing signs of infection, offering new evidence of asymptomatical spreading.Senior Chinese central bank officials sought to ease global investors’ worries about the potential damage to the world’s second-largest economy from the outbreak, saying interest rates would be guided lower and that the country’s financial system and currency were resilient.
China has recently cut several of its key lending rates, including the benchmark lending rate on Thursday, and has urged banks to extend cheap loans to the worst-hit companies which are struggling to resume production and are running out of cash. However, transportation restrictions remain in place in large parts of the country. While more firms are reopening, the limited data available so far suggests manufacturing is still running at levels far below those in the same period last year, and disruptions are starting to spillover into global supply chains as far away as the United States.[uZON00080A]
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