China’s changed accounting method for coronavirus infections may have shifted the curve upwards, but it does not change its direction or its economic impact.
On Thursday, China reported a jump of more than 13,300 cases, the largest single day rise since the outbreak was reported in mid-January.
“We understand that most of these cases relate to a period going back over days and weeks and are retrospectively reported as cases, sometimes back to the beginning of the outbreak itself,” said Michael Ryan, executive director at the WHO Emergencies Programme.
“So this increase that you’ve all seen in the last 24 hours is largely down to a change in how cases are being diagnosed and reported.”
Although markets sold off in a knee-jerk reaction, economists are