By the end of Sunday, a total of 1,770 people had died of the disease and 70,548 confirmed cases of novel coronavirus infection had been reported in 31 provincial-level regions and the Xinjiang Production and Construction Corps in China…reports Asian Lite News
A total of 10,844 patients infected with the novel coronavirus had been discharged from hospital after recovery by the end of Sunday, Chinese health authority announced on Monday.
Sunday saw 1,425 people walk out of hospital after recovery, the National Health Commission said in its daily report, according to the reports.
By the end of Sunday, a total of 1,770 people had died of the disease and 70,548 confirmed cases of novel coronavirus infection had been reported in 31 provincial-level regions and the Xinjiang Production and Construction Corps in China.
2,048 new cases
Chinese health authority on Monday said it received reports of 2,048 new confirmed cases of novel coronavirus infection and 105 deaths on Sunday from 31 provincial-level regions and the Xinjiang Production and Construction Corps.
Among the deaths, 100 were in Hubei Province, three in Henan, and two in Guangdong, according to the National Health Commission, media reported.
China’s central bank cuts medium-term rate
China’s central bank on Monday cut the interest rate on its medium-term loans by 10 basis points to 3.15 per cent amid attempts to reduce the economic impact of the coronavirus (COVID-19) outbreak in the country where 70,548 people have been infected.
The People’s Bank of China said the rate on 200 billion yuan ($28.65 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions was being reduced from 3.25 per cent.
On November 5, the central bank had cut the interest rate on one-year MLF loans by five basis points from 3.30 per cent to 3.25 per cent, the first reduction in this indicator since 2016, media reported.
Earlier this month, in an attempt to counter the economic effects of the coronavirus outbreak, the institution had also lowered interest rates on repurchase agreements, known as repo, to 2.4 per cent.
The latest cut in the rates of one-year MLF loans could pave the way for a reduction in China’s benchmark lending rate, which has stood at 4.15 per cent since November.