China Says Coronavirus Cases Rise to 17,205

The video discusses the rapid spread of COVID-19, with over 17,000 cases and 360 deaths reported. It highlights the first death outside China and global travel restrictions. The US is redirecting flights for screening, while the CDC reports significant flu cases and deaths. Economically, China is implementing measures to cushion the virus's impact, including lowering interest rates and increasing liquidity. Recent data shows China's manufacturing sector is struggling, with industrial profits dropping, reflecting broader economic issues.

What actions has the People's Bank of China (PBOC) taken to address the economic impact of the coronavirus?

What economic challenges was China facing even before the coronavirus outbreak became a major issue?