Coronavirus: Wuhan reports zero new cases as Chinas sees an overall drop in new patients

By Admin -
Coronavirus: Wuhan reports zero new cases as Chinas sees an overall drop in new patients
China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest economy.

The city of Wuhan, at the centre of the outbreak, reported no new cases for a sixth day, as businesses reopened and residents set about reclaiming a more normal life after a lockdown for almost two months.

Smartly turned out staff waited in masks and gloves to greet customers at entrances to the newly-reopened Wuhan International Plaza, home to boutiques of luxury brands such as Cartier and Louis Vuitton.

“The Wuhan International Plaza is very representative (of the city),” said Zhang Yu, 29. “So its reopening really makes me feel this city is coming back to life.”

Sunday’s figure of 31 new cases, including one locally transmitted infection, was down from 45 the previous day, the National Health Commission said.

As infections fall, policymakers are scrambling to revitalise an economy nearly paralysed by months-long curbs to control the spread of the flu-like disease.

On Monday, the central bank unexpectedly cut the interest rate on reverse repurchase agreements by 20 basis points, the largest in nearly five years.

The government is pushing businesses and factories to reopen, as it rolls out fiscal and monetary stimulus to spur recovery from what is feared to be an outright economic contraction in the quarter to March.

China’s exports and imports could worsen as the pandemic spreads, depressing demand both at home and abroad, Xin Guobin, the vice minister of industry and information technology, said on Monday.

The country has extended loans of 200 billion yuan ($28 billion) to 5,000 businesses, from 300 billion allocated to help companies as they resume work, Xin said.

Authorities in Ningbo said they would encourage national banks to offer preferential credit of up to 100 billion yuan to the eastern port city’s larger export firms. The city government will subsidize such loans, it said in a notice.

Comments

Post a Comment

Popular posts from this blog

At least 11 dead, others injured after train catches fire near Rahim Yar Khan

By Admin -
Image
At least 11 passengers lost their lives and 30 others sustained burn injuries when three carriages of a Tezgam Express caught fire due to explosion in a gas stove, according to initial reports. Meanwhile, firefighters have initiated a rescue operation to extinguish the fire and other passengers are being evacuated from the train to safe places. The affected carriages are being separated from the train. The train, Tezgam, was on its way from Karachi to Rawalpindi, when a gas cylinder carried by a passenger exploded, leaving several dead and injured. The fire was caused by the explosion in a gas cylinder, confirmed the Pakistan Railways official. According to details, the passengers were cooking breakfast when the gas cylinder exploded. After the blast, the raging fire engulfed two other coaches as well. Fire fighters were still extinguishing the fire as per last reports.
Read more

Three soldiers martyred in terrorist attack on checkpost in Balochistan’s Zarghoon

By -
Image
As many as three soldiers embraced martyrdom and one terrorist was killed in an exchange of fire between security forces and terrorists in Zarghun, the area of Balochistan on Saturday. According to the military’s media wing, the Inter-Services Public Relations (ISPR), an operation was launched in the area against suspected terrorists who attacked a security post. “Troops on the post retaliated readily to the fire raid thereby, pushing back the terrorists,” stated the military’s media wing. In the ensuing exchange of fire, three soldiers were martyred while one terrorist was also killed. The military identified the martyred soldiers as Sepoy Zaheer Ahmed, Sepoy Mudassir Shaheed and Lance Naik Abdul Qadeer. The ISPR stated that the post had recently been established to “check extortion efforts targeting coal mines in the area”. “Based on follow-up ISR effort, likely hideout of fleeing terrorists has been identified in nearby mountains and a deliberate blocking and sanitisation op...
Read more

Legal process to try May 9 planners, perpetrators under army act begins: COAS

By -
Image
Chief of Army Staff (COAS) General Asim Munir has said that the legal process of trial against planners, instigators, abettors and perpetrators involved in the May 9 mayhem has commenced under Pakistan Army Act and Official Secret Act as per existing and established legal procedures derived from the Constitution. The army chief's statement came as he visited Jinnah House and an army installation in Lahore, which were blatantly attacked and vandalised by “politically motivated” rioters, the Inter-Services Public Relations (ISPR) said in a handout. The COAS was also given a briefing on events of May 9 dubbed by the military as ‘Black Day’ — the day when Pakistan Tehreek-e-Insaf (PTI) supporters ransacked and torched military installations across the country following the arrest of their leader Imran Khan in a graft case. Addressing the garrison officers and soldiers at Corps Headquarters, Gen Munir emphasised that any action aimed at widening a gulf between people and the milita...
Read more