that's your business the coronavirus will have a deep impact on the chinese economy the government has locked down 16 other cities in who pay province but the real effect is now becoming clear as workers return for the lunar new year holiday china's finished building one of the emergency hospitals set up specifically to battle the virus thousands of people work day and night to assemble the prefabricated buildings in just 10 days the hospital has a 1000 beds located in the if the center of the outbreak. but as the death toll jumps above 360 china has made an urgent call for medical gear and mosques the situation on the stock exchange also took style. chinese stocks plunge 9 percent on their 1st day of trading after an extended lunar new year holiday as markets are ravaged by the corona virus outbreak that's the biggest daily drop since 2015 fears of the spiraling epidemic mean shanghai is normally buzzing

district is deserted the absence of shoppers ways on the chinese economy train stations are empty streets are vacant even starbucks is closed coffee is temporarily. which i think the main impact of the epidemic is on travelling and shopping is a tradition on me as usual now people are travelling less and it's not easy to buy a lot of things. china's economic growth is expected to slip this year to 5.6 percent alice believe the picture could dramatically worsen if the outbreak continues this would also drag down global growth china is increasingly the engine of the global economy the beijing government is trying to soothe nerves and avoid panic. should you go. look at you you see impact on the economy very much depends on the progress and results of epidemic prevention and control

but i want to stress that the impact will be temporary will not change the fundamentals of china's economy which is positive in the long term you know. the companies may be struggling but one rare economic bright spot is online business forced to stay indoors online shopping and entertainment are very active and gaming particularly popular right now is a game about how viruses spread it's called plague inc. let's go to andrea hing our asia correspondent who's based in singapore and is this pure panic that we're seeing on markets i mean we're basically talking about an outbreak of the flu outbreak. it's certainly is been and what doesn't help the situation is just china's not a writer t. for b. for having volatile markets and it's also a sign also just how much china is struggling to contain the virus and the

subsequent impact as you can see it looks like china is having some issues trying to mitigate any of the impact on the on the markets and the economy and you can sense a sense you can sense the shock in the markets as well from the multiple need joke rulings and reactions issued by the china by the chinese markets regulator the issuing new rules such as instructing brokerages to bought their clients from selling borrowed stocks what about the state injection of funds how much does that help to come traders know. well it just about stopped markets from a total meltdown but the disease has been unpredictable at every turn and not knowing you know what when the outbreak is going to end both analysts and investors

has no clear idea as to how to move forward and what kind of future to prepare for what their next move should be and chinese markets are still going to have this pressure on them as the number of cases is set to increase they will very likely increase as we reach the peak but what do you reckon do you think this will just be a blip on the exchanges will there be a sudden recovery just as we saw on exchanges when saas hit the region or could they have been long term damage done he also what we're hearing we could be nearing the peak impact off the outbreak in the coming months without a doubt china's economy will already take a hit and the government has already revised down its g.d.p. growth for this quarter to 4 percent and that's down from the original full cost of 6 percent draping 1st in singapore thank you very much beijing

accuses washington of spreading panic through its travel bans the world health organization has said it opposes any travel or trade restrictions against china but as chinese officials try to allay fears of an economic slowdown the virus is already impacting regional economies. south korea's tourism sector and overall economy are beginning to feel the brunt of the economic effects of the 29000 norval coronavirus more than 350 people have so far died 17000 infected worldwide with 15 cases here generating concern. during peak times crowds of shoppers many of them chinese visitors converge on these pedestrian streets insoles myung dong along with airlines hotels and restaurants this normally heavily touristed retail district will likely suffer serious financial damages from the consequences of the outbreak. shopkeeper's suggested sales were down 30 percent or

more because of the virus with 40 years in this market kim heechul has seen ups and downs through the sars and murders epidemics which lasted months. someone told me i think the korean government is acting quickly preemptively the chinese should do the same this is not something to hide i hope they react and quarantine as quickly as possible. shops are giving away free masks in restaurants increasing hygiene to reassure customers travelers are practicing safer habits. what we've done differently is that we do make sure that we're washing our hands a lot more you know they put hand sanitizer at the museums and whatnot so we've been taking advantage of that so 3 ins worries about the economy are tempered with humanity. the chinese don't come sales will decline so i'm worried by the economic side but i'm also worried about people's health because that's the most

important thing in life look at that i think of things the epidemic continues to hit stock markets as well with south korea's cost be index down 6 percent over the past 2 weeks experts point out china's far reaching economic repercussions. its most serious than cyrus in 2003 because will happen is a much more important transportation hub and one dong and the virus is spreading fast and we expect at 6 percent growth in the chinese economy this year but now that full cost has been reduced to the 5 percent range. so 3 is electronics and auto producers are now hurting with shortages of parts and shutdowns as consequences of the coronavirus disrupt international supply chains and spread throughout the global economy. now to some of the other business stories making news asia has denied allegations that accepted bribes in return for buying epis planes shares in the region's largest budget airline fell 11 percent of the

malaysia's anti fraud agency said it was investigating the claims of friday a bus agreed to pay for $1000000000.00 in fines to settle the accusations. real estate prices in tokyo are hovering close to 30 year highs are bought by the real estate economic institute shows the average flat cost around $550000.00 us dollars the market has been severely depressed since 1900 when the real estate bubble burst taking the economy with it analysts say rising results costs including labor and a loose monetary policy now inflating cotto prices again. and locusts continue to threaten crops across a wide swathe of africa and the southwest of asia the united nations warns that mass forms are in danger of food supplies cyclons in saudi arabia and yemen triggered the crisis creating ideal conditions for the desert locust to multiply. the british pound slum tough their prime minister bars johnson stepped up his

threats to walk away from trade talks with the european union soling fell more than one percent against the dollar as johnson said he would not sign up to e.u. rules on competition policy or state 8 that contrasted with the e.u. use chief negotiator. who said maintaining a level playing field will be key to the boat and gets money to britain the deadline for a deal is december 31st. thoughts go of the chelsea delaney alfre photo correspondent so off to a very good start. i guess you couldn't say in negotiating the u.k.'s most important trade deal here with the e.u. and boris johnson saying that the u.k. can be the superman of free trade at the same time he's threatened to walk out of these talks. well given how torturous the past 3 and a half years have been of getting to the praxair it's not a total surprise that this is starting out a little bit rocky today that the u.k.

and the e.u. both sort of laid out their visions for how this 11 month transition period is going to go where they're going to renegotiate a trade deal that will sort of govern the relationship between the u.k. and the e.u. going forward and it's clear that they are still very far apart on what they are visually the relationship to look like the e.u. is saying they want basically a free trade agreement that would include no tariffs on you could say u.k. could snow quotas but also it would require the u.k. to follow irregularly sions and things like subsidies on things like workers' rights environmental policies the u.k. saying that they don't want to do that while they are willing to align with that with some e.u. regulations they don't want to be tied to all you regulations that was one of the curious why they voted for back that in the 1st place was to have more flexibility and sovereignty they say so it's they still have

a long way to go to finding common ground on these on these big issues briefly chills the companies of deal with years of brigs that uncertainty this is sounding like they're going to get another year of the say yeah it's not even really around one yet the negotiations will really begin and march so for the next 7 months companies still remain very uncertain over things like regulation and customs all of those remain very big questions for businesses right now just as lenny 1st breakthrough thank you and nice to business with you.

i'm skilled at the fame or that's hard and in the end it's a me you're not allowed to stay here any more he wasn't that. are you familiar with this. for the smugglers what lions of. what's your story ready ready. i mean when i was in women especially in victims of violence in. part and send us your story we are trying in all weathers to understand this new culture. so you are not in a turn other guests you want to become a citizen. in for migrants your platform for reliable information.

this is it we do use live from grow in china opens this new high speed hospital the facility specially built in just 10 days will help treat the influx of patients infected with the coronavirus with a 1000 beds inside experts say the new hospital is crucial to stopping the spread of this new infection. also coming up the return of.