China confirms some 140 new cases of Sars-like virus ahead of peak travel season

Health authorities in China on Monday confirmed nearly 140 new cases of a mysterious pneumonia-like virus, which has killed three people so far. It comes as the country’s peak holiday travel season kicks off ahead of the Lunar New Year, sparking concerns over the spread of the viral strain and its possible impact on economic growth. “Looking further on, I think we’re likely to have cases around China and also there will likely be cases in other countries as people travel,” Phelan told CNBC on Mo


Health authorities in China on Monday confirmed nearly 140 new cases of a mysterious pneumonia-like virus, which has killed three people so far.
It comes as the country’s peak holiday travel season kicks off ahead of the Lunar New Year, sparking concerns over the spread of the viral strain and its possible impact on economic growth.
“Looking further on, I think we’re likely to have cases around China and also there will likely be cases in other countries as people travel,” Phelan told CNBC on Mo
China confirms some 140 new cases of Sars-like virus ahead of peak travel season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: huileng tan
Keywords: news, cnbc, companies, season, 140, screening, travel, chinese, cases, virus, sarslike, confirms, spread, coronavirus, china, wuhan, travelers, ahead, peak


China confirms some 140 new cases of Sars-like virus ahead of peak travel season

Health authorities in China on Monday confirmed nearly 140 new cases of a mysterious pneumonia-like virus, which has killed three people so far. It comes as the country’s peak holiday travel season kicks off ahead of the Lunar New Year, sparking concerns over the spread of the viral strain and its possible impact on economic growth. “It’s highly likely we’ll see this virus spread given that it appears there’s some form of human-to-human transmission and given the scale of travel in the lead-up to Chinese New Year,” said Alexandra Phelan, faculty research instructor in the microbiology and immunology department at Georgetown University. “Looking further on, I think we’re likely to have cases around China and also there will likely be cases in other countries as people travel,” Phelan told CNBC on Monday. While the Sars-virus first emerged in the central city of Wuhan in late December, the 139 new cases that appeared over the weekend in China showed new cases in the capital of Beijing in the north of the country, as well as in the southern city of Shenzhen, Reuters reported. This brings the total to more than 200 confirmed cases from the new coronavirus strain. Three of them have died.

Impact on travelers

Hundreds of millions of Chinese travelers are expected to travel both domestically and internationally as Lunar New Year starts this Saturday, igniting fears of a further spread of the virus and kindling memories of the fatal Sars pandemic in 2002 and 2003 that killed nearly 800 globally. The Sars pandemic — also caused by a coronavirus — cost the global economy tens of billions of dollars. On Monday, South Korea confirmed its first case of the new coronavirus in a Chinese woman who flew to Incheon International Airport from Wuhan. Two cases have also been reported in Thailand and one in Japan. They involved two Chinese from Wuhan and a resident in Japan who had travel history to the city — where the virus is linked to a large seafood and animal market, suggesting that the virus had jumped from animals to humans, said the Centers for Disease Control and Prevention on its website. However, some of the patients have not had exposure to the animal markets, “suggesting that some limited person-to-person spread is occurring,” the CDC said Friday. Airport authorities around the world have already stepped up health screening of travelers at their borders to pick up suspected cases. Measures include temperature screening. However, as symptoms from the new Wuhan coronavirus infection are similar to that of other respiratory conditions, there will be “a lot” of travelers who would be wrongly picked up alongside, Phelan said. “They can be a useful opportunity to provide people with information if they do feel sick … but most of the time, border screening is actually a very expensive, not particularly effective way of actually preventing the spread of disease,” said Phelan.

Impact on China’s economy

While the nature and severity of the new coronavirus is still under investigation, it could pose a major risk to Asia Pacific economies, experts said. “Human-to-human transmission will be (the) tipping point, and mass movements in China during CNY (Chinese New Year) may be an unwelcomed accelerant,” said Vishnu Varathan, Asia head of economics and strategy at Mizuho Bank.

The 2003 Sars crisis created a severe negative impact on GDP growth for the Chinese economy and also hit the economies of a number of Southeast Asian nations. Rajiv Biswas Asia Pacific chief economist at IHS Markit


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: huileng tan
Keywords: news, cnbc, companies, season, 140, screening, travel, chinese, cases, virus, sarslike, confirms, spread, coronavirus, china, wuhan, travelers, ahead, peak


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Tenuous US-China trade deal comes as Beijing and Washington remain on a permanent collision course

Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. By sharply accelerating in recent months its trade adjustment with the U.S., China has finally done what it should have initiated more than two years ago. Beijing is on the way to seriously dismantling Washington’s economic and political leverage over China’s economy. During 11 months of last year, China stepped up the rate of decline of its trade surplus with the U.S. t


Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017.
By sharply accelerating in recent months its trade adjustment with the U.S., China has finally done what it should have initiated more than two years ago.
Beijing is on the way to seriously dismantling Washington’s economic and political leverage over China’s economy.
During 11 months of last year, China stepped up the rate of decline of its trade surplus with the U.S. t
Tenuous US-China trade deal comes as Beijing and Washington remain on a permanent collision course Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: dr michael ivanovitch
Keywords: news, cnbc, companies, rate, western, trade, permanent, collision, chinese, uschina, beijing, strategic, washington, tenuous, surplus, course, china, american, deal, comes, remain, chinas


Tenuous US-China trade deal comes as Beijing and Washington remain on a permanent collision course

Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017.

By sharply accelerating in recent months its trade adjustment with the U.S., China has finally done what it should have initiated more than two years ago.

Beijing is on the way to seriously dismantling Washington’s economic and political leverage over China’s economy. During 11 months of last year, China stepped up the rate of decline of its trade surplus with the U.S. to 16.2%.

Feverish sinologists would call that “decoupling” — a misnomer for China’s belated exit from a position of an excessive and unsustainable trade surplus with the U.S.

Those sinologists don’t seem to notice that China is getting out of that self-imposed structural trap by aggressively slashing its U.S. purchases at an annual rate of 12% between January and November of last year.

Instead of worrying about “decoupling,” advocates of friendly U.S.-China ties should remind Beijing that it should be doing exactly the opposite — by drastically stepping up imports of American goods and services. If the Chinese did that, they would not have to abandon their U.S. markets by cutting exports at an annual rate of 15.2%, as they did for nearly all of last year.

So, the question is: Who is in a hurry to “decouple?”

Looking at trade flows and China’s declining holdings of U.S. debt, the Chinese have apparently concluded that a rapid narrowing of U.S. exposure was a matter of their national interest.

That conclusion has come after years of pleading for a “win-win cooperation,” while Washington kept trying to contain China’s growing global economic and political influence. Instead of cooperation, the U.S. defined its relationship with China as a strategic competition with a country seeking to destroy the Western (i.e., American) world order.

Cooperation made sense for China because it meant an open access to U.S. markets and technology transfers. The U.S., however, finally began to see things differently as it woke up from its evanescing dream that an increasingly prosperous China would shake off its communist rule and join the U.S.-led Western community.

What followed was a radical U.S. policy change Beijing apparently did not expect. China’s huge, and growing, American trade surpluses became an imminent strategic danger that had to be fought by tariffs, sanctions and strict limits to Chinese investments in the U.S. economy.


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: dr michael ivanovitch
Keywords: news, cnbc, companies, rate, western, trade, permanent, collision, chinese, uschina, beijing, strategic, washington, tenuous, surplus, course, china, american, deal, comes, remain, chinas


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There’s a 50% chance the US-China ‘phase one’ deal could fall apart in one year

There’s a 50% chance the U.S.-China “phase one” trade deal could survive its first year — but that probability falls to 25% in the second year, a business consultant said on Monday. Richard Martin, managing director at management consulting firm IMA Asia, said there are two reasons why the agreement could fall apart within those time frames: Limited success stories of government-mandated trade in the past, and provisions that allow the U.S. and China to walk away from their deal. “There’s a very


There’s a 50% chance the U.S.-China “phase one” trade deal could survive its first year — but that probability falls to 25% in the second year, a business consultant said on Monday.
Richard Martin, managing director at management consulting firm IMA Asia, said there are two reasons why the agreement could fall apart within those time frames: Limited success stories of government-mandated trade in the past, and provisions that allow the U.S. and China to walk away from their deal.
“There’s a very
There’s a 50% chance the US-China ‘phase one’ deal could fall apart in one year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: yen nee lee
Keywords: news, cnbc, companies, chance, phase, trade, agreement, uschina, theres, thats, apart, fall, chinas, away, china, deal, walk, governmentmandated


There's a 50% chance the US-China 'phase one' deal could fall apart in one year

President Donald Trump, and Chinas Vice Premier Liu He(L), the countrys top trade negotiator, shake hands after signing trade agreements between the US and China during a ceremony in the East Room of the White House in Washington, DC on January 15, 2020.

There’s a 50% chance the U.S.-China “phase one” trade deal could survive its first year — but that probability falls to 25% in the second year, a business consultant said on Monday.

Richard Martin, managing director at management consulting firm IMA Asia, said there are two reasons why the agreement could fall apart within those time frames: Limited success stories of government-mandated trade in the past, and provisions that allow the U.S. and China to walk away from their deal.

“There’s a very poor track record on government-mandated trade flows working out and that’s what we got right now,” he told CNBC’s “Squawk Box Asia.”

“We don’t like governments to go out and say this is the volume of trade and this is the price point we want done at — that’s meant to be said at the markets,” he said.

Martin added that if there are disputes between the two sides, the deal allows the U.S. Trade Representative, currently Robert Lighthizer, to “pretty much determine when China’s breaking the rules and inflict any penalty he wants.” In return, China could walk away from the agreement, he explained.

“So that’s not a very robust adjudication process. It says that if there’s a problem, it could well end in the phase one package being dead,” he said.


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: yen nee lee
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IMF hoping for a ‘more comprehensive’ US-China deal as the months go by

DAVOS, Switzerland — The International Monetary Fund (IMF) is hoping that China and the United States will reach a broader trade agreement in the coming months, despite the recent signing of their “phase one” deal. “While we have had positive news with the U.S.-China ‘phase one’ trade deal, there’s obviously a lot more that still needs to be done,” Gita Gopinath, the IMF’s chief economist, told CNBC Monday. “We would hope there would be a more comprehensive deal between the U.S. and China as the


DAVOS, Switzerland — The International Monetary Fund (IMF) is hoping that China and the United States will reach a broader trade agreement in the coming months, despite the recent signing of their “phase one” deal.
“While we have had positive news with the U.S.-China ‘phase one’ trade deal, there’s obviously a lot more that still needs to be done,” Gita Gopinath, the IMF’s chief economist, told CNBC Monday.
“We would hope there would be a more comprehensive deal between the U.S. and China as the
IMF hoping for a ‘more comprehensive’ US-China deal as the months go by Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: silvia amaro
Keywords: news, cnbc, companies, deal, months, trade, growth, phase, gopinath, imf, hoping, comprehensive, davos, uschina, economic, china


IMF hoping for a 'more comprehensive' US-China deal as the months go by

DAVOS, Switzerland — The International Monetary Fund (IMF) is hoping that China and the United States will reach a broader trade agreement in the coming months, despite the recent signing of their “phase one” deal.

The two largest economies in the world agreed to roll back some of their existing trade tariffs last week in what was dubbed as a “phase one” deal. The agreement also envisaged higher Chinese purchases of U.S. agricultural goods and it was seen as a temporary truce in a two-year-long dispute between Washington, D.C., and Beijing. However, the IMF is expecting more from both nations.

“While we have had positive news with the U.S.-China ‘phase one’ trade deal, there’s obviously a lot more that still needs to be done,” Gita Gopinath, the IMF’s chief economist, told CNBC Monday.

“We would hope there would be a more comprehensive deal between the U.S. and China as the months go by,” Gopinath also told CNBC at the World Economic Forum in Davos, Switzerland.

In its latest economic update, released Monday, the IMF trimmed its global growth forecasts. The Fund now expects a global growth rate of 3.3% for 2020. In the report, the IMF also warned that trade tensions and disruptions could return.

The signing of the deal is expected to boost the Chinese economy slightly. The IMF upped its growth forecast for China by 0.2 percentage points for 2020 to 6%.

“However, unresolved disputes on broader U.S.-China economic relations, as well as needed domestic financial regulatory strengthening, are expected to continue weighing on activity,” the IMF said Monday.

Speaking to CNBC at Davos, Gopinath added that “trade tensions and disruptions is something that we put out there as an important risk.”


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: silvia amaro
Keywords: news, cnbc, companies, deal, months, trade, growth, phase, gopinath, imf, hoping, comprehensive, davos, uschina, economic, china


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China reports new virus cases, raising concern globally before key holiday

China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not yet fully understand could spread during a key holiday period. The World Health Organization (WHO) has also warned that a wider outbreak is possible, though it has advised against any travel restrictions for China. The Wuhan Municipal Health Commission (WMHC) said on Saturday the four new individuals diagnosed with the new virus are


China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not yet fully understand could spread during a key holiday period.
The World Health Organization (WHO) has also warned that a wider outbreak is possible, though it has advised against any travel restrictions for China.
The Wuhan Municipal Health Commission (WMHC) said on Saturday the four new individuals diagnosed with the new virus are
China reports new virus cases, raising concern globally before key holiday Cached Page below :
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China reports new virus cases, raising concern globally before key holiday

Medical staff members carry a patient into the Jinyintan hospital, where patients infected by a mysterious SARS-like virus are being treated, in Wuhan in China’s central Hubei province on January 18, 2020.

China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not yet fully understand could spread during a key holiday period.

The new virus, which was discovered in the central Chinese city of Wuhan, belongs in the same large family of coronaviruses that includes Severe Acute Respiratory Syndrome (SARS), which killed nearly 800 people globally during a 2002/03 outbreak that also started in China.

Though experts say the new virus does not appear to be as lethal as SARS, there is little known about its origins and how easily it can spread. Thailand and Japan have confirmed new cases of the virus earlier this week, stoking worries globally as many of the 1.4 billion Chinese people will travel abroad during the Lunar New Year holidays that begin next week.

Authorities around the world including in the United States, Thailand and South Korea have stepped up monitoring of travellers from Wuhan as part of their efforts to prevent the disease from spreading.

The World Health Organization (WHO) has also warned that a wider outbreak is possible, though it has advised against any travel restrictions for China.

The Wuhan Municipal Health Commission (WMHC) said on Saturday the four new individuals diagnosed with the new virus are in stable condition, adding it has confirmed 45 cases in the city as of Thursday. A day earlier, the commission confirmed the death of a second patient.

Nearly 50 people are now known to have been infected globally, but all of them either live in Wuhan or have travelled to the city.

A report published by the London Imperial College’s MRC Centre for Global Infectious Disease Analysis said there are likely “substantially more cases” of the new coronavirus than currently announced by Wuhan authorities: its base scenario estimate is that there would be 1,723 cases showing onset of related symptoms by Jan. 12.

The WMHC referred Reuters queries about the report to the National Health Commission (NHC) and the Hubei provincial government, but the NHC and the Hubei government did not immediately respond to Reuters requests for comment. Wuhan is the capital of Hubei province.


Company: cnbc, Activity: cnbc, Date: 2020-01-18
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US warship transits Taiwan Strait less than week after election

The narrow Taiwan Strait which separates the island from China is a frequent source of tension. The U.S. Navy said the Ticonderoga-class guided-missile cruiser USS Shiloh had completed a transit of the Taiwan Strait, without giving details. Meeting the de facto British ambassador to Taiwan later on Friday, Taiwan President Tsai Ing-wen said that the island would ensure peace in the Taiwan Strait. “As a responsible member of the international community, Taiwan will continue to dedicate itself to


The narrow Taiwan Strait which separates the island from China is a frequent source of tension.
The U.S. Navy said the Ticonderoga-class guided-missile cruiser USS Shiloh had completed a transit of the Taiwan Strait, without giving details.
Meeting the de facto British ambassador to Taiwan later on Friday, Taiwan President Tsai Ing-wen said that the island would ensure peace in the Taiwan Strait.
“As a responsible member of the international community, Taiwan will continue to dedicate itself to
US warship transits Taiwan Strait less than week after election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17
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US warship transits Taiwan Strait less than week after election

Guided missile cruiser USS Shiloh (CG 67) at sea on December 21, 2004 in the waters of Western Pacific Ocean.

A U.S. warship sailed through the Taiwan Strait on Thursday, the island’s defense ministry said, less than a week after Taiwan President Tsai Ing-wen won re-election by a landslide on a platform of standing up to China which claims the island.

The ship sailed in a northerly direction through the sensitive waterway and Taiwan’s armed forces monitored it throughout, the ministry said in a brief statement on Friday, describing the sailing as an “ordinary mission”.

“People can rest easy,” it added.

Taiwan is China’s most sensitive territorial and diplomatic issue and Beijing has never ruled out the use of force to bring the island under its control. The narrow Taiwan Strait which separates the island from China is a frequent source of tension.

China sailed its latest aircraft carrier, the Shandong, through the waterway twice in the run-up to Taiwan’s election last Saturday.

Taiwan denounced that as attempted intimidation.

The U.S. Navy said the Ticonderoga-class guided-missile cruiser USS Shiloh had completed a transit of the Taiwan Strait, without giving details. The United States has been conducting sporadic missions through the strait in the last two years.

Washington has no formal ties with Taiwan but is bound by law to provide the island with the means to defend itself and is its main source of arms.

Meeting the de facto British ambassador to Taiwan later on Friday, Taiwan President Tsai Ing-wen said that the island would ensure peace in the Taiwan Strait.

“As a responsible member of the international community, Taiwan will continue to dedicate itself to protecting peace and stability in the Taiwan Strait,” the presidential office cited Tsai as telling Catherine Nettleton.

Under the Trump administration, the United States has made bolstering its defence and other ties with Taiwan a priority, in spite of Chinese anger.

The top U.S. diplomat in Taiwan, Brent Christensen, told a forum in Taipei on Friday that his office’s theme for this year was “real friends, real progress”, and took what appeared to be an indirect dig at China.

“Perhaps this concept sounds simple, but it is important to consider its significance within the current context,” said Christensen, director of the American Institute in Taiwan.

“Some use the cover of friendship to dominate and manipulate; promising mutual benefit but instead delivering extortion; exporting problems rather than solutions,” he added.

Christensen said the United States this year will seek to further Taiwan’s engagement in the world, something the island has found difficult due to China blocking Taiwan’s participation in most international organisations.

“The United States and Taiwan are members of the same family of democracies,” he added.


Company: cnbc, Activity: cnbc, Date: 2020-01-17
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Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation, Reuters reports

The plan values WeWork China at around $1 billion, two of the people said. Singapore state investor Temasek and Shanghai-based private equity firm Trustbridge want to buy more shares to give them a combined majority stake in WeWork China, according to the people. SoftBank, Temasek and WeWork declined to comment. WeWork China has set out ambitious revenue goals for 2020, Reuters reported last month, even though it faces staff cutbacks and weak occupancy numbers at its properties across China. In


The plan values WeWork China at around $1 billion, two of the people said.
Singapore state investor Temasek and Shanghai-based private equity firm Trustbridge want to buy more shares to give them a combined majority stake in WeWork China, according to the people.
SoftBank, Temasek and WeWork declined to comment.
WeWork China has set out ambitious revenue goals for 2020, Reuters reported last month, even though it faces staff cutbacks and weak occupancy numbers at its properties across China.
In
Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation, Reuters reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17
Keywords: news, cnbc, companies, wework, stake, valuation, temasek, public, majority, million, reports, billion, trustbridge, softbank, target, china


Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation, Reuters reports

General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images)

Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters.

The plan values WeWork China at around $1 billion, two of the people said.

The proposal was submitted to WeWork’s major stakeholder, Japanese technology conglomerate SoftBank Group, at the end of last year, said one of the people, who asked not to be identified as the discussions are private.

Singapore state investor Temasek and Shanghai-based private equity firm Trustbridge want to buy more shares to give them a combined majority stake in WeWork China, according to the people.

WeWork currently owns 59% of WeWork China, with the remainder held by other investors including SoftBank, Hony Capital and Trustbridge, according to the group’s prospectus for its initial public offering.

The Chinese unit had raised $500 million in July 2018 from investors including Temasek, Trustbridge, SoftBank and Chinese fund Hony Capital in a deal valuing the firm at about $5 billion. That was the second round, with the firm having previously raised $500 million in 2017.

A new deal giving Temasek and Trustbridge a majority stake would likely mean that WeWork China would go through a down round — a fall in valuation following a new investment if the proposal got passed — but could significantly ease the financial burden on WeWork and SoftBank.

They added that the discussions were at an early stage and a deal was not certain.

SoftBank, Temasek and WeWork declined to comment. Trustbridge did not immediately respond to a request for comment.

The larger WeWork group is undergoing a broad restructuring after it was thrown a $9.5 billion lifeline by SoftBank following a failed public offering and the ouster of founder Adam Neumann.

However, SoftBank’s plan to secure $3 billion from Japan’s three biggest banks have stalled, likely complicating its rescue package for WeWork, Reuters has reported.

WeWork China has set out ambitious revenue goals for 2020, Reuters reported last month, even though it faces staff cutbacks and weak occupancy numbers at its properties across China.

In 2018, WeWork China generated $99.5 million in revenue, according to WeWork’s IPO prospectus.

WeWork’s woes have had a ripple effect across the sector, impacting the likes of UCommune, WeWork China’s rival, which is trying to launch an initial public offering.

Citigroup and Credit Suisse walked away from underwriting UCommune’s IPO because they decided they could not deliver the offering at a previously discussed valuation.

UCommune has now tapped little-known U.S. investment bank Benchmark Company to launch its listing, Reuters reported earlier this month.


Company: cnbc, Activity: cnbc, Date: 2020-01-17
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The CDC and Homeland Security begin screening for Chinese Coronavirus at three major US airports as outbreak spreads in Asia

U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China. “Investigations into this novel coronavirus are ongoing and we are monitoring and responding to this evolving situation,” he said in a statement. The CDC will monitor the outbreak of the coronavirus, which originally started in Hubei Province, China. But it’s rare for an animal coronavirus to evolve and infect peo


U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China.
“Investigations into this novel coronavirus are ongoing and we are monitoring and responding to this evolving situation,” he said in a statement.
The CDC will monitor the outbreak of the coronavirus, which originally started in Hubei Province, China.
But it’s rare for an animal coronavirus to evolve and infect peo
The CDC and Homeland Security begin screening for Chinese Coronavirus at three major US airports as outbreak spreads in Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: sunny kim
Keywords: news, cnbc, companies, begin, major, international, spreads, coronavirus, homeland, airports, security, cdc, wuhan, screening, chinese, china, outbreak, deaths


The CDC and Homeland Security begin screening for Chinese Coronavirus at three major US airports as outbreak spreads in Asia

U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China.

The Centers for Disease Control and Prevention and Homeland Security plans to screen travelers starting Saturday on direct and indirect flights from Wuhan, China to three U.S. airports: John F. Kennedy International Airport, San Francisco International Airport, and Los Angeles International airport.

Martin Cetron, the director for the Division of Global Migration and Quarantine at the CDC, said in a press briefing Friday that he expects the screening to include as many as 5,000 people coming from Wuhan to the U.S. in the following airports.

“Investigations into this novel coronavirus are ongoing and we are monitoring and responding to this evolving situation,” he said in a statement.

The CDC will monitor the outbreak of the coronavirus, which originally started in Hubei Province, China. There have been two reported deaths and one case confirmed in Thailand and another in Japan.

Symptoms of most coronaviruses are similar to any upper-respiratory infection such as a runny nose, coughing, sore throat or fever. It is a part of a large family of viruses that can cause illness in people and animals such as camels, cats and bats. But it’s rare for an animal coronavirus to evolve and infect people, according to the CDC.

The CDC said the risk of the virus spreading to the American public is considered low. “Nevertheless, CDC is taking proactive preparedness precautions,” it said in a statement.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: sunny kim
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Asia shares set to trade higher with all eyes on upcoming China GDP data

Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers. Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close. All eyes will be on the release of China’s GDP data for the fourth quarter on Friday. Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates. The offshore yuan traded at 6.8765, as


Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers.
Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close.
All eyes will be on the release of China’s GDP data for the fourth quarter on Friday.
Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates.
The offshore yuan traded at 6.8765, as
Asia shares set to trade higher with all eyes on upcoming China GDP data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: weizhen tan
Keywords: news, cnbc, companies, china, seen, higher, yuan, gdp, earlier, eyes, release, set, upcoming, data, week, asia, quarter, shares, trade, growth


Asia shares set to trade higher with all eyes on upcoming China GDP data

Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers.

Australia’s S&P/ASX 200 jumped 0.64% in early trade. Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close.

All eyes will be on the release of China’s GDP data for the fourth quarter on Friday. A Reuters poll predicted 6% growth from a year earlier. That would be unchanged from the pace in the third quarter, which was believed to be its slowest GDP gain in at least 27½ years.

China’s growth has been hit by the trade dispute with the U.S., among other factors. But both giants signed a “phase one” deal this week, which included some tariff relief. Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates.

Ahead of the numbers, the Chinese yuan, which has been appreciating amid trade optimism, was stronger again. The offshore yuan traded at 6.8765, as compared to a high of 6.8945 seen earlier on Thursday. The onshore yuan was last at 6.8769, versus the 6.8899 seen on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: weizhen tan
Keywords: news, cnbc, companies, china, seen, higher, yuan, gdp, earlier, eyes, release, set, upcoming, data, week, asia, quarter, shares, trade, growth


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It’s time to get more excited about the Chinese property sector, JP Morgan says

Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector. “I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday. Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported. Such a slow


Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector.
“I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday.
Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported.
Such a slow
It’s time to get more excited about the Chinese property sector, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: yen nee lee
Keywords: news, cnbc, companies, china, need, prices, chinese, wang, think, months, pace, signs, excited, sector, morgan, property


It's time to get more excited about the Chinese property sector, JP Morgan says

Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector.

“China goes through these mini cycles in property, and the mini cycles usually have something to do with the way government policies are working … and it looks to us in the last couple of months that that policy is again loosening a bit,” said Howard Wang, head of Greater China equities at the investment giant.

“I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday.

Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported. Such a slowdown has come amid broader government measures to curb speculative buying and wean the Chinese economy off its reliance on debt, which has hit real estate demand and firms in the property sector.

But Wang said signs are now pointing to better times ahead for the Chinese property sector, at least in the short term.

“When you think holistically about China, a lot of people still need to upgrade their properties, a lot of people still need to move closer to work, move from smaller cities to bigger cities. So all kinds of macro trends are in place,” he explained.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: yen nee lee
Keywords: news, cnbc, companies, china, need, prices, chinese, wang, think, months, pace, signs, excited, sector, morgan, property


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