- AFP 06th Feb 2020 16:00:00 GMT +0300
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China's industrial base has been buffeted by the outbreak of the virus, which began in the manufacturing hub of Wuhan in central China but has since spread to more than 20 countries. The number of confirmed infections has hit more than 28,000 in China while death toll passed 560 in an outbreak that has spiraled into a global health emergency. The virus is also set to have an impact on international supply chains and manufacturing given China's lynchpin role in the global economy.For More of This and Other Stories, Grab Your Copy of the Standard Newspaper. Subscribe Now »
Foxconn now projects a sales increase of one to three percent this year, down from a January forecast of three to five percent, chairman Young Liu told Bloomberg News. Foxconn has tried to allay fears of production shortfalls, saying it had previous experience of viral outbreaks following the SARS epidemic in 2003.SEE ALSO :Apple takes smartphone sales crown from Samsung
It is China's biggest private-sector employer, with more than a million people working in some 30 factories and research facilities, including one in Wuhan. Taiwan has reported 11 confirmed cases so far, mostly people returning from Wuhan. The government announced Thursday that all foreigners who resided in or visited China, Hong Kong or Macau in the past 14 days will be temporarily barred from entering the island. Foreigners with residency permits in Taiwan returning from these areas must undergo a 14-day stay-home quarantine.Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.



