Posted on 02/04/2020 1:52:42 AM PST by 11th_VA
HONG KONG/BEIJING (Reuters) - Hong Kong reported its first death from the newly identified coronavirus on Tuesday, the second outside mainland China from an outbreak that has killed more than 420 people, spread around the world and raised fears for global economic growth.
China's markets steadied after anxiety erased some $400 billion in market value from Shanghai's benchmark index the previous day, and global markets also staged a comeback after a sell-off last week, but the bad news kept coming.
Macau, the world's biggest gambling hub, said it had asked all casino operators to suspend operations for two weeks to help curb the spread of the virus.
In another announcement that will compound worries about the economic impact, Hyundai Motor <005380.KS> said it would gradually suspend production at its South Korean factories because of supply chain disruptions from the outbreak.
The Hong Kong death took to 427 the toll from the virus, including a man who died in the Philippines last week after visiting Wuhan, the central Chinese city at the epicenter of the outbreak.
(Excerpt) Read more at whbl.com ...
I believe both of the deaths outside China, had travelled to China prior to catching the disease.
I am not sure whether the disease as spread in China has a higher fatality rate, or whether there are just not that many cases yet, externally.
I am sure the way it continues to grow, that will become evident quite quickly.
6.6 percent. Hong Kong is a densely populated region but also the most open in terms of MSM and internet news access. If the disease really gets going there, we’ll start to get a real sense of what the disease is capable of as opposed to the confused disjointed snippets of digital clips that people have managed to get past the sensors from Wuhan.
Hyundai Motor said it would gradually suspend production at its South Korean factories
China's markets $400 billion in market value from Shanghai's benchmark index
The total number of infections in mainland China rose by 3,235 to 20,438
China accused the United States on Monday of scaremongering and said on Tuesday it would welcome its help to fight the outbreak.
Seems to be getting kinda serious over there, and this thing is just getting started.
I’m wondering , too if the disease has a more specified virulence with Chinese genetic groups vs everyone else.
I have been to china they are very unsanitary with food production - I’m not surprised they don’t have one of these viruses outbreaks every week or so.
I don’t know, this far a vast number of victims have been of Chinese background, a huge number.
We will probably get a better idea of the virus’ behaviour, in the coming week.
Is there a profile of the victims who have died Someone told me that everyone who dies was over the age of 60. Has that been verified?
Bump to that.
Negative.
The victim in the Philippines, was I believe 44.
The person in Hong Kong that died was only 39.
Most are over 50, but not exclusively - the guy that died in the Philippines was 44. And the older patients tend to have secondary conditions - heart conditions, Diabetes, etc.
That is an interesting question.
When Macau shuts down, it’s fooking serious.
There is a lot of corruption in China (as in most nations).
As I understand it a lot of China’s economy is smoke and mirrors. That is those on top of the pyramid scheme are skimming money from the economy and then cooking the books so it appears everything is normal.
The Trade War with the US has had to hurt China.
Now with this virus and more importantly (in their view) the shut down of large cities, the economy is going to take a hit.
So the question is... can China survive with out a major depression?
Then the question become can the Chinese rulers survive.
Many Chinese have seen a better life with capitalism, are they willing to go back to full fledged communism?
One dead was 31 - a doctor. Another dead was 39 - may also be a doctor. Hong Kong dead guy in his 30s. Philippines dead guy in his 50s.
In China, most public bathrooms have neither toilet paper nor soap - because people would just say “Free toilet paper!”.
I knew an American woman, with salary over $100,000 in 1980, who also did this (took all the rolls of toilet paper in whatever hotel she was staying in). However, in China, this is the norm.
Also, in China, the wet markets (not seafood market) are what we would call open-air butcher shops. Any and every meat can be had at the market, raw, cooked, in a stew. The floors are running with blood, and washed with water once a day (no bleach). Hence, wet market.
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