Categories: Market Overview

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.

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.

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.

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.

China confirms some 140 new cases of Sars-like virus ahead of peak travel season, CNBC, Jan 20
The FxPro News Team

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