Here’s what you need to know:
- A Wuhan nursing home reports 12 infections.
- Stocks and sales fall as the virus knocks the global economy.
- South Korea and Iran report more cases as fears of a pandemic rise.
- French companies are warned against ‘overdependence’ on China.
- Chinese beekeepers report a grim loss.
- Crisis in China affects the skies: 13,000 flight cancellations.
A Wuhan nursing home reports 12 infections.
A dozen coronavirus cases have been confirmed at a single nursing home in Wuhan, China, the city at the center of the epidemic. Public health experts have said that nursing homes could be among the most dangerous sites for transmission of the virus.
The elderly have been particularly vulnerable to the coronavirus, with many of the reported deaths occurring among people 60 and older. And nursing homes often house their residents in close quarters, which facilitates the rapid spread of viruses.
The nursing home, the Wuhan Social Welfare Institute, said 11 elderly residents and an employee had been confirmed to have the virus, according to a notice from the municipal civil affairs bureau in Wuhan, where the coronavirus emerged. One of the residents has died, the notice said.
The nursing home also reported 19 suspected infections, involving 12 employees and seven residents.
“I think nursing homes would be the most dangerous place for an outbreak to occur,” said Dr. Benjamin Cowling, a professor of epidemiology at the University of Hong Kong.
In an indication of the risks that nursing homes pose, officials in recent days have moved to impose restrictions on how they provide care.
The Wuhan Municipal Bureau of Civil Affairs recently told nursing home directors that in order to prevent cross-infections, residents would no longer be allowed to return to their nursing homes if they visited a hospital for medical treatment, according to a report by the news outlet Southern Weekly. The report was removed by government censors.
In the city of Qiqihar, near the Chinese border with Russia, a district party secretary was removed from his post because he had not done enough to prevent the epidemic, according to an official notice on Feb. 15. Of 10 confirmed cases in the district he oversaw, one occurred in a nursing home, the notice said.
In the eastern province of Zhejiang, an official recently said that the province had been the first in China to seal off nursing homes, barring all from entering except for some essential staff members.
“Everyone knows that the elderly are the key group for epidemic prevention and control, and nursing homes are a place where the elderly live in high concentration,” said the official, Li Jie.
Stocks and sales fall as the virus knocks the global economy.
Airline revenue down $29 billion. Auto sales in China cratering. Supply chains snapped.
The coronavirus outbreak, whose breadth and duration remains a disquieting question mark, is forcing international companies across nearly every industry to face a stark reality: Business will not go on as usual.
And investors have taken notice. U.S. stocks fell for the second straight day on Friday, with the S&P closing more than 1 percent lower, putting it on pace for its worst day of the month. Oil and gas prices also fell.
Auto sales in China collapsed this month, with the Chinese Passenger Car Association saying that sales at dealerships had plummeted 92 percent in the first half of February compared with the same period last year. China is the world’s biggest car market by a wide margin, so a nose-dive in sales causes pain.
The International Air Transport Association this week warned of a deep drop in earnings of about $29 billion in this year among global carriers, with virtually all of the losses expected to hit airlines in the Asia-Pacific region.
South Korea and Iran report more cases as fears of a pandemic rise.
South Korea reported 142 new coronavirus cases on Saturday, adding to fears of a global pandemic, as reports from Iran raised concerns that an outbreak there might be further along than officials have acknowledged.
The new cases in South Korea brought that country’s total to 346 — more than half of them members of a secretive church, their relatives or others who had gotten the virus from them. More than 1,250 members of the sect, the Shincheonji Church of Jesus, have reported potential symptoms, and officials are still trying to locate 700 members so they can be screened. Two people have died from the virus.
In Iran, which insisted as recently as Tuesday that it had no cases, the virus may now have reached most major cities, including Tehran, and it has killed at least four people, according to health officials. Already, cases of travelers from Iran testing positive for the virus have turned up in Canada and Lebanon.
The United States now has 34 cases, with more expected, and Italy experienced a spike from three cases to 17 and ordered mandatory quarantine measures.
“The cases that we see in the rest of the world, although the numbers are small, but not linked to Wuhan or China, it’s very worrisome,” Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, said Friday at a news conference at the agency’s headquarters in Geneva. “These dots are actually very concerning.”
French companies are warned against ‘overdependence’ on China.
The French government said Friday it would urge companies to review their “overdependence” on China for raw materials and parts as the coronavirus outbreak exposes weaknesses among French manufacturers that have outsourced their supply chains there.
Finance Minister Bruno Le Maire said the government had ordered a review of which strategic industries have grown too reliant on China for production, and is looking at ways to start bringing some production back to France or Europe.
He singled out automakers, which have had trouble getting parts like brake pedals, and the pharmaceutical industry, which gets 80 percent of the raw materials for some drugs from China and Asia.
“The epidemic shows that supply bottlenecks create problems in certain strategic industries,” Mr. Le Maire said after meeting with French business leaders about the economic fallout of the epidemic.
The government estimated the economy may shrink by around 0.1 percent this year as result of the outbreak.The government will help French companies affected by the virus by extending deadlines for paying taxes and encouraging big firms, especially in the luxury industry, to go easy on smaller suppliers having trouble filling orders.
France is also studying whether to allow companies to declare the coronavirus a “force majeur,” which relieves firms from liabilities for breach of contract because of circumstances beyond their control.
Wuhan, the epicenter of the outbreak, is home to more than one third of all French investment in China.
Chinese beekeepers report a grim loss.
A Chinese beekeeper killed himself after travel restrictions imposed to fight the outbreak prevented him from providing food for his bees, according to a beekeepers’ association.
The Apicultural Science Association of China said it was “extremely heartbroken” about the death of Liu Decheng in the southwestern province of Yunnan. He was in his mid-40s, according to Chinese media reports.
His death occurred just before the Chinese authorities ordered special measures to protect the beekeeping industry, including easing transportation rules, the association said.
In a WeChat post this week, an account that shares honey-related tips said Mr. Liu’s bees had also been poisoned. It said he was prevented from transferring them to a different site because of the travel restrictions.
Agricultural workers in rural areas have been hit especially hard by the lockdown measures enacted to stop the spread of the virus.
Crisis in China affects the skies: 13,000 flight cancellations.
The disappearance of tens of thousands of flights from China’s skies in recent weeks points to how the coronavirus has hobbled a nation.
Within just three weeks — from Jan. 23 to Feb. 13 — daily departures and arrivals for domestic and international flights in China dropped to just 2,004, from 15,072, according to Flightradar24, an industry data firm.
Restrictive measures adopted by China have helped delay the spread of the virus to other countries, the World Health Organization said this week, but the country’s increasing isolation could have lasting economic consequences.
Chinese travelers account for about a fifth of all tourism spending, more than any other country, according to the U.N.’s World Tourism Organization. In 2018, Chinese residents spent $277 billion abroad, according to the United Nations, or nearly twice as much as residents of the United States.
Oxford Economics said in a new report that, in a worst-case scenario, the outbreak could cut $1.1 trillion in global output.
Reporting and research were contributed by Liz Alderman, Vivian Wang, Choe Sang-Hun, Donald G. McNeil Jr., Farnaz Fassihi, Steven Lee Myers, Marc Santora, Matt Philips, Niraj Chokshi, Amie Tsang, Keith Bradsher, Amber Wang and Yiwei Wang.
https://news.google.com/__i/rss/rd/articles/CBMiRGh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjAvMDIvMjIvd29ybGQvYXNpYS9jaGluYS1jb3JvbmF2aXJ1cy5odG1s0gFIaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wMi8yMi93b3JsZC9hc2lhL2NoaW5hLWNvcm9uYXZpcnVzLmFtcC5odG1s?oc=5
2020-02-22 08:18:00Z
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