World Health Organization (WHO) said on Monday the spread of coronavirus cases which had no history of travel to China could be “the spark that becomes a bigger fire” as people across China trickled back to work after an extended Lunar New Year holiday.

The death toll from the epidemic rose to 908, all but two in mainland China, on Sunday as 97 more fatalities were recorded – the largest number in a single day since the virus was detected in the city of Wuhan in December.

The Diamond Princess cruise ship with 3,700 passengers and crew onboard remained quarantined in the Japanese port of Yokohama, with 65 more cases detected, taking the number of confirmed case from the Carnival Corp-owned vessel to 135.

European stocks fell on concerns about the impact of the closure of factories in China, the world’s second-largest economy, on supply chains for companies from Taiwan’s iPhone-maker Foxconn to carmakers Kia Motors and Nissan.

Across mainland China, 3,062 new infections were confirmed on Sunday, bringing the total number to 40,171, according to the National Health Commission (NHC).

Wu Fan, vice-dean of Shanghai Fudan University Medical school, said there was hope the spread might soon reach a turning point.

But WHO chief Tedros Adhanom Ghebreyesus said there had been “concerning instances” of transmission from people who had not been to China.
“It could be the spark that becomes a bigger fire,” he told reporters in Geneva. “But for now it is only a spark. Our objective remains containment.

“We should really fight hard as one human race to fight this virus before it gets out of control.”

An advance team of international WHO experts had arrived in China to investigate.
“This mission brings together the best of Chinese science, Chinese public health with the best of world’s public health”, the WHO’s Mike Ryan said in Geneva.

The virus has spread to at least 27 countries and territories, according to a Reuters count based on official reports, infecting more than 330 people. The two deaths outside mainland China were in Hong Kong and the Philippines.

The death toll from the outbreak has now surpassed that of Severe Acute Respiratory Syndrome (SARS), which killed hundreds worldwide in 2002/2003.

Usually teeming Chinese cities have become virtual ghost towns after Communist Party rulers ordered lockdowns, cancelled flights and closed factories and schools.

Ten extra days had been added to the Lunar New Year holidays that had been due to finish at the end of January. But even on Monday, many workplaces remained closed as people worked from home.

Few commuters were seen during the morning rush-hour on one of Beijing’s busiest subway lines. All were wearing masks.

One Beijing government official, Zhang Gewho, said it would be be harder to curb the spread of the virus as people returned to work.

“The capacity of communities and flow of people will greatly increase and the difficulty,” he said.

Hubei, the province of 60 million people that is the hardest hit by the outbreak, remains in virtual lockdown, with its train stations and airports shut and its roads sealed.

In Britain, the government said on Monday the number of confirmed coronavirus cases there had doubled to eight and it declared the virus a serious and imminent threat, giving it additional powers to isolate those suspected of being infected.

China’s central bank has taken a raft of steps to support the economy, including reducing interest rates and flushing the market with liquidity. From Monday, it will provide special funds for banks to re-lend to businesses.

President Xi Jinping, who has largely kept out of the spotlight, leaving Premier Li Keqiang to take the public lead in government efforts to control the outbreak, said the government would prevent large-scale layoffs, Chinese state television reported.

Xi, who was shown on television inspecting the work of community leaders in Beijing and wearing a mask as he had his temperature taken, also said China would strive to meet economic and social targets for the year.

One senior economist has said growth may slow to 5% or less in the first quarter.
More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp were seeking loans totalling at least 57.4 billion yuan ($8.2 billion), two banking sources said.

E-commerce firm Alibaba said its affiliate, Ant Financial’s MYBank unit, would offer 20 billion yuan ($2.86 billion) in loans to companies in China, with preferential terms for Hubei firms.

Soutce:- Reuters