Coronavirus live updates: Moody's says Chinese local governments face funding shortfalls
All of those fatalities occurred in Hubei province, the epicenter of the virus outbreak. To date, there have been a total of 80,409 confirmed cases on the mainland, with 52,045 people discharged and 3,012 dead. —California declared a state of emergency after a. There are currently at least 53 confirmed cases in California. Earlier on Wednesday, local health officials in California announced the state's first COVID-19 death in Placer County, bringing U.S. fatalities to at least 11.
"We expect the coronavirus outbreak will result in lower RLG revenue growth, although policy measures by the central government should support RLGs through higher transfers and bond quotas," Jack Yuan, an assistant vice president and analyst at the firm said.Roy ChoudhuryAustralia's Treasury Department predicted the virus outbreak will shave at least 0.5 percentage point off economic growth in the three months ending in March, Reuters reported.
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