Japan's government and auto industry are establishing a new task force to combat the impact of the coronavirus on the country's automotive manufacturing.
In a move that was largely in line with expectations, China cut the loan prime rate on Thursday. The 1-year LPR was reduced by 10 basis points, while the 5-year LPR saw a 5 basis points deduction.
BlackRock's Neeraj Seth tells CNBC that China is likely to introduce more measures to combat the economic impact of the coronavirus outbreak that has delayed the return of operations in factories.
In a speech that he made on Feb. 3 which was released over the weekend, Xi said: "Currently, we still have to deliver this year's economic and social targets."
The virus will definitely slow China's economic growth this year, Georgieva said, just how much depends on how well world leaders can contain the fast-spreading outbreak.
Malaysia has reported 22 cases of COVID-19 as of Tuesday — the third-highest number in Southeast Asia behind Singapore and Thailand, according to data compiled by Johns Hopkins University.
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