You need to turn off the Chinese media. WHO has been reporting it is extremely infectious for about a week now. You don't build a
1000 bed field expedient hospital for something that is about as infectious as the flu. Nor do you quarantine millions of people. We can't get true numbers on fatalities because the Chinese are hiding them. Rumor has it they're mislabeling death certificates as "viral pneumonia" which is undifferentiable from any of the thousands of different viral pneumonias you can get.. Videos of doctors crying over the number infected are all over the internet.
Really, turn off the Chinese media. Even if it is no more deadly than the flu it's R0 is significantly higher, it's spread mechanism is more effective, and therefore the total death rate will be higher. A virus doesn't need to be "exceptionally deadly" to kill a lot of people. It only needs to spread effectively. The common flu kills metric tons of people a year and most people just sleep it off. However, occasionally it kills normal healthy people too.