China Coronavirus Cases Top 20,000

The transcript discusses the widespread impact of the coronavirus, highlighting over 400 deaths and 20,000 confirmed cases. It examines the potential effects on the US-China phase one trade deal, with China seeking flexibility on purchase commitments. The virus has intensified US-China tensions, with China criticizing the US response. The US CDC is preparing for a potential pandemic. Hong Kong is prioritizing hospital resources amid strikes. The Chinese government is reassessing economic growth targets and considering measures like increasing budget deficit caps. The economic impact is significant, with a major drop in Lunar New Year travel. Vaccine development is underway, but a safe and effective vaccine may take 12-18 months.

What logistical challenges are Chinese ports facing due to the coronavirus outbreak?

What is the expected timeline for developing a vaccine for the coronavirus according to the text?