|

Coronavirus among medics more widespread than reported, research Shows - Caixin

In an article written in the Caixin, it has been reported that the biggest study yet of the Covid-19 epidemic found that almost twice as many Chinese medical workers have been infected as officially reported by the government, though the research didn’t turn up the source of the novel coronavirus.

Key notes

  • "A team at the Chinese Center for Disease Control and Prevention (CDC) studied 72,314 cases as of Feb. 11, among which 44,672 were confirmed cases of coronavirus. The sweeping study was published Monday by the Chinese Journal of Epidemiology."
  • The researchers found that 3,019 medical workers had been infected, among whom 1,688 patients were in severe or critical condition. As of Feb. 11, the government acknowledged more than 1,700 medical workers nationwide as confirmed with the disease, almost 90% of them in Hubei, according to Chinese National Health Commission deputy chief Zeng Yixin at a press conference Friday.
  • The overall death rate among confirmed cases was 2.3%, the CDC researchers found. In Hubei province, the epicenter of epidemic, the pace of fatalities was 2.9%, compared with 0.4% in the rest of the country, according to the paper. For patients more than 80 years old, the fatality rate can be as high as 14.8%, the study found.
  • Among patients in critical condition, 49% died, the study found. According to the National Health Condition, patients in critical condition experience respiratory failure requiring mechanical ventilation, or shock, or other organ failures requiring intensive care. As of Feb. 11, 4.7% of infected patients across China were in critical condition, the researchers found.
  •  The new study said there is no evidence of “super-spreader” incidents at any hospitals. The earlier paper, produced by a team led by Zhong Nanshan, a Chinese epidemiologist who discovered the SARS coronavirus in 2003, said it could not preclude the presence of “super-spreaders,” defined as one person who transmits infection to more than 10 others. The earlier study covered about 1,000 cases from Jan. 1-29.
  • Early cases suggest that the Covid-19 virus may be less damaging than the SARS and MERS coronaviruses, but as the number of cases increased rapidly, the new virus appears to be more contagious than the two others, the researchers said.
  • The epidemic curve is showing signs of slowing, indicating measures such as restricting the flow of people, reducing human contact and disclosure of epidemic information at a high frequency through multiple channels may be helping to contain the outbreak, the paper said."

FX implications

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures. 

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.