outbreak was being underestimated as the death toll in the world’s second-largest economy from the epidemic soared past 1 000.
There were 2 478 new confirmed cases on the mainland as of Monday, down from 3 062 on the previous day, bringing the total to 42 638. Among the prospective borrowers are food delivery giant Meituan Dianping, smartphone maker Xiaomi Corp and ride-hailing provider Didi Chuxing Technology Co, the sources said.Chinese firm Xinchao Media said on Monday it had laid off 500 people, or just over 10% of its workforce, and restaurant chain Xibei said it was worried about how to pay the wages of its roughly 20,000 workers.
Analysts at Nomura said measures of returning workers and passenger traffic flows within China suggested the virus had “a devastating impact on China’s economy in January and February”. China’s Hubei province, the epicenter of the outbreak, reported 2 097 new cases and 103 new deaths on Feb. 10, its health authority said.
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