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-Signs, Portents, and the Weather-
Xi: Situation is grim!
2020-02-24
[AP-Twitter] Warning that China’s virus epidemic is “still grim and complex,” President Xi Jinping called Sunday for more efforts to stop the outbreak, revive industry and prevent the disease from disrupting spring planting of crops.

Xi defended the ruling Communist Party’s response as “timely and effective” in a video conference with officials in charge of anti-disease work, according to the official Xinhua News Agency.

Xi sounded a note of caution in the face of hopes abroad that the disease that has killed more than 2,400 people since December might be under control. He said the situation is at a “critical stage” and called on officials to “resolutely curb the spread of the epidemic.”

“The current epidemic situation is still grim and complex,” Xinhua cited Xi as saying. “Prevention and control are at the most critical stage.”

The ruling party is trying to strike a difficult balance between stopping the virus and reviving China’s vast manufacturing and other industries. Most of the world’s second-largest economy has been shut down since late January in the most sweeping anti-disease measures ever imposed and are only gradually reopening.

Forecasters say China might rebound quickly if the outbreak can be controlled by the end of March. But they say this quarter’s economic output will shrink by as much as 1% from the quarter ending in December after Beijing extended the Lunar New Year holiday to keep factories and offices closed and told the public to avoid traveling.

Concern is growing that the disease might be spreading in South Korea and other countries, instead of only affecting people who visited China and others who had close contact with them.

Xi said the epidemic is a health emergency with the “fastest spread” and “most difficult prevention and control” in China since the Communist Party came to power in 1949, according to Xinhua.

“For us, this is a crisis and a big test,” Xi was cited as saying.

The report made no mention of criticism from members of the public that officials delayed taking action against the disease and might be concealing details its impact, but Xi was cited as saying “all work arrangements are timely” and anti-disease measures are effective.
Posted by:3dc

#16  My stock is dropping, calves.
Posted by: Skidmark   2020-02-24 17:45  

#15  900 Dow points ain't what it used to be (38 was biggest drop in 1929 (13%), (and biggest was 1175 in 2018, 4.6%.)
Posted by: Glenmore   2020-02-24 16:03  

#14  About the Dow dropping, Market Watch has a round-up of company comments on the impact of thr coronavirus, including this:

• Procter & Gamble Co. PG, -2.04% expects the outbreak to materially impact earnings for the January to March quarter in China and for the overall company, given that China is the consumer goods giant’s second-largest market. The company has 387 suppliers in China that ship to it globally more than 9,000 materials, impacting about 17,600 different finished products.

The question is whether P&G and other manufacturers have pre-approved back-up suppliers in case of emergency, a prudent preparation, given that smaller but disruptive emergencies happen all the time — it was only a few years ago that P&G’s IAMS pet food line had to switch to a new supplier for one of their key ingredients when contaminated dog food started making pets sick.
Posted by: trailing wife   2020-02-24 15:30  

#13  "No need to amputate, it so rotten it gonna fall off any day now. "
Posted by: Thaith Elmeresing6163   2020-02-24 12:34  

#12  = Opportunity to be seized.

Time to reconfigure our supply chains and end the China dependency once and for all.
Posted by: Lex   2020-02-24 11:43  

#11  Dow drops more than 700 800 900 points and is on track for its single biggest one-day loss since August, as fears mount the coronavirus outbreak in China will become a worldwide pandemic
Posted by: Skidmark   2020-02-24 11:38  

#10  

Foreboding pandemic. No way to get around it.
Posted by: Woodrow   2020-02-24 10:31  

#9  Someone else's turn for the "Grim new milepost" headline.
Posted by: M. Murcek   2020-02-24 08:37  

#8  "The CHAIRMAN is in POWER, and the Situation is Excellent!"

mobilize top team of epidemiologists, microbiologist, and virologists

Which men? Top men.
Posted by: AlanC   2020-02-24 07:58  

#7  What apparently isn't taking place, or is totally shrouded from the media:

DHS and CDC mobilize top team of epidemiologists, microbiologist, and virologists to study origins of Corona virus.

But why bother when you already know ?
Posted by: Besoeker   2020-02-24 02:40  

#6  ^The odd thing that the dog did in the night?
Posted by: g(r)omgoru   2020-02-24 02:28  

#5  Still little if any discussion regarding the precise origins. How strange.
Posted by: Besoeker   2020-02-24 01:53  

#4  #2 "Oh, bother!", said Pooh

"We're f---ed," said Eeyore (correctly)
Posted by: Lex   2020-02-24 01:36  

#3  "The CHAIRMAN is in POWER, and the Situation is Excellent!"
Posted by: Lex   2020-02-24 01:34  

#2  "Oh, bother!", said Pooh.
Posted by: SteveS   2020-02-24 01:34  

#1  Ha! Contained by the end of March.
Posted by: Skidmark   2020-02-24 00:37  

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