Coronavirus infections slow in China as Apple becomes latest business casualty - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The number of new coronavirus infections in mainland China fell below 2 000 on Tuesday for the first time since January, although global experts warn it is still too early to say the outbreak is being contained.

The US technology company’s manufacturing facilities in China had begun to reopen but they were ramping up more slowly than expected, and the resulting iPhone shortages would hit sales, it said in a statement to investors. “Too much damage has already been done and initial policy stimulus will not be very effective,” they said in a note on Monday. “China is experiencing the rare case of simultaneous demand and supply shocks.”

China’s state assets regulator said the impact of the coronavirus outbreak on industries would mainly appear in February, suggesting the worst may still be to come in terms of business activity.The rapidly spreading virus claimed another 98 lives in mainland China, bringing the total death toll there to 1,868, the National Health Commission said. There were 1,886 new confirmed infections for a total of 72,436.

“In the meantime health services in other countries need to remain vigilant to identify all cases and to prevent onward transmission to their populations.” Around half of all known cases of the virus outside China have been found aboard the Diamond Princess in Yokohama, where around 400 people have tested positive since the cruise liner was ordered to stay under quarantine off Japan on Feb. 3.

Globally 46 997 confirmed (1826new) China46 550 confirmed (1820 new) 1368 deaths (254 new)

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