BEIJING/SHANGHAI - 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.
Apple Inc become the latest company to flag lower revenue as a result of the epidemic, saying it would not meet its guidance for the March quarter because of slower iPhone production and weaker demand in China. Analysts at Nomura again downgraded their China first-quarter economic growth forecast, to 3%, half the pace in the fourth quarter, and said there was a risk it could be even weaker.
The moves came after economic data released in Japan, the world’s third-largest economy, and regional finance and travel hub Singapore, pointed to possible recession in the coming quarter. “We can hope that the reports of falling numbers of new cases in China does show that the epidemic has peaked in Hubei province, but it is still too early to be sure that this is so,” he said.
Confusion over virus information in China saw conflicting reports about the death of a top doctor in the Hubei capital Wuhan, with state media reporting he had died but family members saying he was still alive and fighting the disease.More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown to military bases in the United States, after two weeks under quarantine off Japan.
People are dying but Apple is the casualty. Ok.
bullshit
Right -
Chinese govt lies have increased. Lol.
With the draconian measures in place all over China, I’m not surprised its levelling off. However, if the virus were to gain a foothold in more liberal countries, where authorities already fear to act on anything that may lose them voters. Would those same measures be an option?
The environmental activist folks should be pleased.
Joe_M_Douglass Move the Apple company to the USA
They are not slowing and China is lying to the world. This is a bioweapon gone rogue.
Poor Apple😢
Not slowing
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »