China Aims for Economic Boost; Death Toll at 2,000: Virus Update

(Bloomberg) — China is considering further measures to shield its economy from the coronavirus outbreak that has now killed 2,010 and infected 75,286 people around the world.Beijing is weighing steps including cash infusions and bailouts for the struggling airline industry. As more people are encouraged to stay at home, a growing number of Chinese private companies have stopped paying staff completely.The strict quarantine likely bought the rest of the world several weeks to prepare, the World Health Organization said.Key DevelopmentsChina death toll hits 2,004; 74,185 confirmed casesHong Kong has second fatality after 70-year-old diesAdidas, Puma say business in China being …read more

Source:: Yahoo Finance

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