Posts
China
Reports Huge
Jump In New
Coronavirus Infections
And Deaths; Oil,
Stocks Tumble
12 February, 2020
All those clueless hacks who warned us for years not to trust China's economic data yet were so gullible to believe any coronavirus pandemic "data" released by Beijing are going to look pretty stupid right about now.
Hubei
just released its latest round of coronavirus outbreak figures,
and in a clear confirmation of the 'conspiracy theory' that China had
altered the way it was reporting Covid-19 deaths and cases - clearly
in order to suggest that things were improving and you should go back
to work, while ideally buying stocks, the province at the epicenter
of the Coronavirus pandemic just came clean and the numbers are
stunning.
The
number of cases exploded by 14,840, resulting in a total of 48,206
cases, including 13,332 clinically diagnose cases:
... will have to dramatically change its narrative.
So
what happened?
With the deepening of understanding of new coronavirus pneumonia and the accumulation of experience in diagnosis and treatment, in view of the characteristics of the epidemic in Hubei Province, the General Office of the National Health and Health Commission and the Office of the State Administration of Traditional Chinese Medicine issued the "Diagnosis and Treatment Plan for New Coronavirus Infected Pneumonia (Trial (Version) "adds" clinical diagnosis "to the case diagnosis classification in Hubei Province, so that patients can receive standardized treatment according to confirmed cases as early as possible to further improve the success rate of treatment.
According to the plan, Hubei Province has recently conducted investigations on suspected cases and revised the diagnosis results, and newly diagnosed patients were diagnosed according to the new diagnosis classification.
In order to be consistent with the classification of case diagnosis issued by other provinces across the country, starting today, Hubei Province will include the number of clinically diagnosed cases into the number of confirmed cases for publication.
Of
course, the real reason for the original change as noted above was to
give the impression that China was succeeding in containing the
infection, which helped boost stocks - both in China and globally -
sharply higher, and in the case of the S&P, to new all time
highs.
As
for the catastrophic revision, it may also explain why on Tuesday
morning, China's CCTV reported that Hubei province removed its two
top health officials, namely health commission head Liu Yingzi and
party chief Zhang Jin from their posts. Almost as if, in retrospect,
they were caught hiding something...
For
those curious what the now completely discredited fake coronavirus
data, reported by China until today with the sole intent of boosting
risk assets was, here is the full breakdown. Naturally none of these
numbers matter anymore following today's sudden burst of Chinese
truthiness.
In
kneejerk reaction to the shocking surge in both new cases and deaths,
Dow futures immediately plunged...
As
did oil...
As
is the yuan...
But
at least gold is sharply higher:
Who
could have seen that coming? The stock market wanted so badly to
believe the Chinese data... bonds and commodities knew better. The
clearest indication that all Chinese data was fake, however, came
from Global Times Editor on Chief who earlier today tweeted that "New
infection cases outside of Hubei have dropped for 8 consecutive
days. It
is now time for the US and other countries to actively consider
resuming flights to China."
New infection cases outside of Hubei have dropped for 8 consecutive days. In Beijing with more than 21 million population, the daily new case of infection is around 10 recently. It is now time for the US and other countries to actively consider resuming flights to China.
Ok
you pathological liar.
Finally,
we now look forward to what explanation China's global tourism
impressario, WHO Director Tedros Adhanom best known as the "WHO
Candidate Accused of Covering Up Epidemics", will come up with
now after spending the past two weeks praising China's response and
claiming there is no risk of a global pandemic, while criticizing the
US for daring to halt flights to China.
province reports spike in
new confirmed cases and
deaths after change in
diagnostic criteria
Health
authorities in China’s Hubei province – the epicentre of the
coronavirus epidemic – reported on Thursday 14,840 new confirmed
cases, almost 10 times the number reported a day earlier, and new
deaths attributable to the contagion rose to 242, more than double on
the day.
This
brings the totals announced by the province’s health commission to
48,206 and 1,310, respectively, as of Wednesday.
Officials
in Hubei had reported 94 fatalities and 1,638 newly confirmed cases a
day earlier.
Hubei’s
health commission said in its daily statement that it had changed the
diagnostic criteria used to confirm cases, effective Thursday,
meaning that doctors have broader discretion to determine which
patients are infected.
“From
today on, we will include the number of clinically diagnosed cases
into the number of confirmed cases so that patients could receive
timely treatment,” the health authority said in a statement, which
did not provide further details about the new criteria.
Previously,
patients could only be diagnosed by test kits, which has seen a
shortage of supply across the country.
Some
13,436 of the new cases announced on Thursday were confirmed in
Hubei’s capital of Wuhan, where the virus is believed to have
originated at a seafood and meat market.
Health
authorities in China’s Hubei province – the epicentre of the
coronavirus epidemic – reported on Thursday 14,840 new confirmed
cases, almost 10 times the number reported a day earlier, and new
deaths attributable to the contagion rose to 242, more than double on
the day.
This
brings the totals announced by the province’s health commission to
48,206 and 1,310, respectively, as of Wednesday.
Officials
in Hubei had reported 94 fatalities and 1,638 newly confirmed cases a
day earlier.
Hubei’s
health commission said in its daily statement that it had changed the
diagnostic criteria used to confirm cases, effective Thursday,
meaning that doctors have broader discretion to determine which
patients are infected.
“From
today on, we will include the number of clinically diagnosed cases
into the number of confirmed cases so that patients could receive
timely treatment,” the health authority said in a statement, which
did not provide further details about the new criteria.
Previously,
patients could only be diagnosed by test kits, which has seen a
shortage of supply across the country.
Some
13,436 of the new cases announced on Thursday were confirmed in
Hubei’s capital of Wuhan, where the virus is believed to have
originated at a seafood and meat market.
The
virus – which causes the disease now officially known as Covid-19 –
has spread to at least 24 countries, sickened more than 60,000 people
worldwide, with tens of thousands more suspected cases.
The
National Health Commission has not yet released the national total of
new cases and deaths.
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