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China’s President Xi, Wants to Close Loopholes From Coronavirs

The coronavirus keeps spreading, especially in China, where the total number of cases has increased to around 65,000 and deaths to around 1,400. There have been cases abroad as well, with 270 cases in Japan and around 60 cases in Singapore and Hong Kong. It all looks scary and the Chinese President Xi was speaking on TV a while ago.

Comments by China president Xi Jinping via state television

  • Need to mend the loopholes exposed in this coronavirus outbreak
  • Says to push the roll-out of biosecurity law as soon as possible
  • Ensuring safety, health of the people is a major task for the country
  • To improve medical insurance and aid system for major diseases

Not the sweetest of Valentine’s messages from Xi, and I’m not sure what he actually means by “mending the loopholes” here. China’s reputation has taken a major hit as a result of the virus outbreak and how poorly it was handled during the initial stages, with many questions and doubts – still persisting – about the actual figures and cases reported across the country. The sentiment has turned mildly negative again after a few positive days, with risk assets retreating lower today.

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Skerdian Meta
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Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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