Stocks dropped sharply in China as investors returned from a holiday to the prospect of the world’s No. 2 economy being virtually shut down by the epidemic.
Construction on the Huoshenshan Hospital in Wuhan, China, on Sunday. The hospital was built in a matter of days as part of China’s efforts against the new coronavirus.
The death toll from the new coronavirus has exceeded that of the severe acute respiratory syndrome outbreak in 2002 and 2003 in mainland China. But the number of people who have recovered nationwide has also risen in recent days, suggesting that the new virus’s fatality rate is relatively low.
China’s Health Commission reported on Sunday that there were 475 recoveries and 361 deaths nationwide. During the SARS outbreak, 349 people died in mainland China.
Health experts say they are encouraged by the steady rise in the number of recoveries. They take it as evidence that the treatments meted out have been effective and that the virus does not appear to be as deadly as SARS.
SARS had a mortality rate of 9.6 percent, and about 2 percent of those reported to have been infected with the new coronavirus have died.