@Trumpster I agree with your logic and conclusion. In fact, my thinking is about the same as yours. I would add in the concept of pre-control vice post-control.
Post-control is easier as it is reactive and demands only fast responses such as quarantine and denial of movement.
Pre-control is a prevention effort requiring a huge push to educate and change hygiene habits. It faces the resistance of centuries cultural knowledge.
Given the current virus is asymptomatic while the victim is contagious for up to 14 days, post-control fails as the R0 factor could be quite high. The R0 factor refers to how many other people one sick person is likely to infect on average. For a discussion of R0 and progression see:
Reliance on traditional medical practices, while less costly, hasn't promoted effective pre-controls (hygiene) and the current post-controls are terribly ineffective.
Fortunately the apparent mortality rate is low so we can hope. I'm guessing there will be a huge number of cases with a low mortality rate.
WASH your hands.