The coronavirus pandemic shows little signs of letting up, and is spurring further demand for China’s medical products even as the global economy continues to falter.
The interest in Chinese medical supplies is an encouraging sign for the country’s exports — which support its economy and millions of jobs. Economists point out that the demand for coronavirus-related products has helped China sell more overseas than expected.
Meanwhile, a new peer-reviewed study suggests the pandemic might be even worse than the current statistics show, with deaths in the U.S. likely undercounted. Former FDA Commissioner Scott Gottlieb, meanwhile, told CNBC that the U.S. has probably already surpassed 100,000 new cases a day, but the scale of the pandemic is not being captured in the data because testing capacity remains limited in some parts of the country.
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news…