CNBC’s Eunice Yoon Exposes How Beijing Is Shaping The Narrative To Boost Markets & Save China’s Economy

CNBC’s Eunice Yoon Exposes How Beijing Is Shaping The Narrative To Boost Markets & Save China’s Economy

Summary:

  • UK hospital confirms worker found to be infected treated ‘small number’ of patients
  • Russia releases two Chinese nationals who recovered from virus
  • China Grand Prix likely to be cancelled
  • Couple onboard ‘Diamond Princess’ tell CNBC situation is “frankly terrifying”.
  • AFP publishes report exposing worsening shortages of food and supplies in Wuhan
  • Cruise ship rejected by four countries allowed to dock in Cambodia
  • Rumors of 10k in Wuhan not included in official count of cases
  • NYT follows WSJ in exploring problems with Chinese testing kits

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Update (0955ET): CNBC’s Eunice Yoon, one of the most reliable western journalists covering the coronavirus outbreak from Beijing, just perfectly summed up the current state of things in China, as the regime projects a message of optimism to appease markets and investors…while many remain skeptical of China’s numbers.

Late last night, Reuters reported on remarks from an influential economist at a top regime-controlled think tank. Cai Fang, the vice head of the Chinese Academy of Social Sciences, insisted in a column published in the People’s Daily, the Communist Party’s main newspaper, that the impact of the virus-inspired lockdown would be a “one off”, and that China’s economy will quickly recover and meet the government’s growth goals for the year.