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But, policymakers have turned their efforts to heal the world’s second-largest economy.
The city of Wuhan, at the center of the outbreak, reported no new cases for a sixth day, as businesses reopened and residents set about reclaiming a more normal life after lockdown for almost two months.
“The Wuhan International Plaza is very representative of the city.
“So it’s reopening really makes me feel this city is coming back to life,’’ said Zhang Yu, 29.
The National Health Commission said Sunday’s figure of 31 new cases, including one locally transmitted infection, was down from 45 the previous day.
As infections fall, policymakers are scrambling to revitalize an economy nearly paralysed by months-long curbs to control the spread of the flu-like disease.
The central bank unexpectedly cut the interest rate on reverse repurchase agreements by 20 basis points, the largest in almost five years.
The government is pushing businesses and factories to reopen, as it rolls out fiscal and monetary stimulus to spur recovery from what is feared to be an outright economic contraction in the quarter to March.
The country has extended loans of 200 billion yuan ($28 billion) to 5,000 businesses, from 300 billion allocated to help companies as they resume work.
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