|

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:

Editor's Picks

EUR/USD trims losses, back to 1.1830

EUR/USD manages to regain some composure, leaving behind part of the earlier losses and reclaim the 1.1830 region on Tuesday. In the meantime, the US Dollar’s upside impulse loses some momentum while investors remain cautious ahead of upcoming US data releases, including the FOMC Minutes.

GBP/USD looks weaker near 1.3500

GBP/USD adds to Monday’s pessimism and puts the 1.3500 support to the test on Tuesday. Cable’s marked pullback comes in response to extra gains in the Greenback while disappointing UK jobs data also collaborate with the offered bias around the British Pound.

Gold loses further momentum, approaches $4,800

Gold recedes to fresh two-week troughs around the $4,800 region per troy ounce on Tuesday. The precious metal builds on Monday’s downtick following a marked rebound in the US Dollar and mixed US Treasury yields across the board.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months. 

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.