A couple thoughts:
1) The Coronavirus is a disease that is in addition to the annual “ordinary” flu. So it is not one or the other.
2) If credible-seeming reports out of China are accurate, the Chinese government is massively lying about the extent of the outbreak (and why would we expect them to tell the truth). Chinese people get seasonal flu also so this is an enormous problem that is on top of that. The WHO figures you cite are almost certainly a fraction of the real figures.
3) Still, the human mind is ill-suited to handle statistics. Whether it is school shootings or shark attacks or even domestic terror attacks, we tend to get led by the nose to embrace the latest panic and ignore the real dangers. The regular flu kills a lot of people but the scary top line numbers are not adjusted for the fact that it largely kills the old and already infirm. I would say be careful driving, make sure your kids are not hit by a car, that kind of thing are probably a lot more important statistically.
4) All that said, this would be a good time to separate ourselves from Red China. From their crappy goods, their slave labor, their spying students and researchers.... when they join the civilized world with labor standards & democracy, and stop eating bats and other oddball gross stuff, maybe reconsider....
“3) Still, the human mind is ill-suited to handle statistics.”
Amen - see this earlier posting by me. Really, has anyone bothered to apply some 6th Grade math:
https://www.freerepublic.com/focus/news/3814244/posts?page=169#169