China reports fall in Covid-19 cases but concerns grow over rising global spread

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BEIJING: China has confirmed a sharp decrease in new deaths and cases of the coronavirus on Saturday (Feb 22) but a doubling of infections in South Korea and 10 new cases in Iran added to unease about its rapid spread and global reach.

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Mainland China had 397 new confirmed cases of coronavirus infections on Friday, down from 889 a day earlier, but only 31 cases were outside of the virus epicentre of Hubei province, the lowest number since the National Health Commission started compiling nationwide data a month ago.

Concerns about the virus weighed on US stocks on Friday, driven by an earlier spike in cases in China and data showing stalling US business activity in February. Japan confirmed 14 new coronavirus cases on Saturday, among those a teacher who had shown symptoms while working at her school. But new, albeit isolated findings about the coronavirus could complicate efforts to thwart it, including the Hubei government's announcement on Saturday that an elderly man took 27 days to show symptoms after infection, almost twice the presumed 14-day incubation period.

Chen Yulu, a deputy governor of the People's Bank of China, said policymakers had plenty of tools to support the economy, and were fully confident of winning the war against the epidemic.

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