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00:00FUNDING TO FIGHT THE EPIDEMIC. THIS AS WE AWAIT THE DAILY BIBLE IS TOLD FROM THE CENTER OF THE OUTBREAK, WHICH REPORTED A SHARP DECLINE YESTERDAY. THERE ARE REPORTS OF RISING CASES IN BEIJING. THAT IS WHERE OUR REPORTER TOM MACKENZIE JOINS US NOW. WHAT IS THE LATEST? TOM: YES, EMILY, AS YOU SAID, THE WORLD HEALTH ORGANIZATION PUTTING OUT A CALL FOR COUNTRIES AND NATIONS AROUND THE WORLD TO CONTRIBUTE TO FUNDING. THEY ASKED FOR 675 MILLION U.S. DOLLARS. THEY SAY THE RESPONSE HAS BEEN LIMITED AND COUNTRIES ARE NOT TAKING THIS SERIOUSLY ENOUGH. AT THE MOMENT, THE VIRUS IS MANAGEABLE, BUT OF COURSE TIME IS OF THE ESSENCE AND THEY NEED COUNTRIES TO STEP UP WITH THE FUNDING TO ENSURE THIS DOES NOT SPREAD BEYOND THE NATIONS WE HAVE SEEN HERE IN ASIA. IN CHINA, THE NUMBERS OF ADDITIONAL CASES HAVE STARTED TO SLOW AND THE NUMBER OF PEOPLE BEING DISCHARGED AND RECOVERED HAVE INCREASED. SO IT SEEMS LIKE AT LEAST ON THE SURFACE IF YOU TAKE THE DATA AT FACE VALUE THAT THERE IS A POSITIVE TREND AT PLAY HERE IN CHINA. GLOBALLY, THERE REMAINS A CONCERN. THAT WAS HIGHLIGHTED BY THE WORLD HEALTH ORGANIZATION ' S DIRECTOR GENERAL. IN TERMS OF CLINICAL TRIALS, WE HAVE HEARD FROM THE WHO THAT WE MAY GET SOME PRELIMINARY RESULTS IN THE NEXT TWO TO THREE WEEKS OF TWO DIFFERENT CLINICAL TRIALS DONE HERE IN CHINA. ONE BY A GILEAD SCIENCES. THERE HAVE BEEN POSITIVE SIGNALS FROM THOSE CLINICAL TESTS. WE ARE LIKELY TO GET MORE DETAILS THE NEXT TWO OR THREE WEEKS. A LOT A FOCUS ON WHETHER OR NOT DOCTORS AND EXPERTS CAN COME UP WITH A CURE FOR THIS VIRUS AS OF COURSE THEY CONTINUE TO BATTLE IT. HERE IN BEIJING, THERE IS A CONCERN WE MAY BE SEEING A SPIKE IN CASES. IN A DISTRICT, THERE HAS BEEN A TICK UP IN THE NUMBER OF CASES FROM NINE ABOUT ONE WEEK AGO TO 36, PARTICULARLY IN A HOSPITAL IN THAT DISTRICT. THERE ARE CONCERNS AND RESTRICTIONS ON THE MOVEMENT OF PEOPLE PUT IN PLACE. SO FAR, THE OFFICIAL NUMBERS SUGGEST THERE ARE ABOUT 395 INFECTIONS IN THE CHINESE CAPITAL. SO FAR, FOR DEATHS -- FOUR DEATHS. THE POPULATION IS 22 MILLION. THERE MAY BE A SPIKE HAPPENING IN THE CHINESE CAPITAL. PAUL: MEANWHILE, CHINA ' S CREDIT NUMBERS SPIKED. WILL THIS HELP MITIGATE SOME OF THE ECONOMIC DAMAGE? TOM: POSSIBLY. THIS IS OF COURSE IN THE LEAD UP TO THE LUNAR NEW YEAR AND OF COURSE AT THAT STAGE, THE ECONOMY LOOKED LIKE IT WAS STABILIZING BEFORE WE KNEW ABOUT THE FULL EXTENT OF THE OUTBREAK OF THE CORONAVIRUS IN HUBEI. THIS IS THE JANUARY NUMBERS. 5 TRILLION YUAN IN TERMS OF CREDIT. THAT COMPARES TO A DECEMBER NUMBER OF ABOUT 2 TRILLION. EQUAL TO 720 BILLION U.S. DOLLARS. A LOT OF IT IS GONE TO BOND ISSUANCE WHICH WAS FRONTLOADED AS AN ATTEMPT TO SHORE UP THE ECONOMY. WE DID SEE A PICKUP IN NEW YOU ON LOANS -- YUAN LOANS, PARTICULARLY THE LONGER DATED LOANS. THAT IS A POSITIVE. THAT WENT UP FOR THE FIRST TIME SINCE MARCH OF 2019 AS WELL. BLOOMBERG ECONOMICS SAID COME FEBRUARY, THE CREDIT DATA IS EXPECTED TO SLOW BECAUSE OF THE IMPACT. IN TERMS OF THE CORONAVIRUS, IT WOULD DROP SIGNIFICANTLY BECAUSE BUSINESSES HERE HAVE BEEN HAMMERED BUT THAT IS LIKELY TO PICK UP AGAIN IN MARCH. PAUL: ALL RIGHT. TOM MACKENZIE IN BEIJING. THANKS FOR JOINING US. NOW, OUTSIDE OF CHINA,

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World Health Organization Calls for Nations to Boost Funding in Coronavirus Fight

The head of the World Health Organization called for nations around the globe to boost funding to fight the coronavirus while the outbreak is still mostly confined to China, and the airline industry forecast the first annual decline in global passenger demand in more than decade. Tom Mackenzie reports on "Bloomberg Markets." (Source: Bloomberg)

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