Coronavirus death toll surges past 1,000 as fears grow for Chinese economy

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Coronavirus death toll surges past 1,000 as fears grow for Chinese economy
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Worry grew on Tuesday that the extent of economic disruption from China's c...

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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