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China president Xi says that need to mend the loopholes exposed in this coronavirus outbreak

  
Analysis, Politics
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Comments by China president Xi Jinping via state television

  • Says to push the rollout 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 but I’m not sure what he actually means by “mending the loopholes” here.
China has taken a major reputation 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.
Does mending the loopholes mean that they will be more transparent and act quicker next time? Or does it mean that they will double-down efforts to make sure something as malicious as this will not surface among international media if we see a repeat?

Senior Chinese diplomat: US actions severely damages bilateral relations

  
  Analysis
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Further comments by senior Chinese diplomat, Wang Yi

  • US has many times interfered with China’s internal affairs
  • US should meet China halfway to build cooperative, stable bilateral relations
A couple of harsher words used there but it is nothing that we haven’t heard of with regards to the passing of the HK bill. It is now down to Trump to sign off on that but that appears to be more of a formality at this point.
USD/JPY has eased back a little to 108.52 now after hitting a high of 108.67 after the Chinese commerce ministry remarks just over an hour ago.

Great Trading Wisdom from 2,400 years ago

  
  Education
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If you are a trader, you will relate

When an archer is shooting for nothing . . . he has all his skill.

If he shoots for a brass buckle . . . he is already nervous.
If he shoots for a prize of gold . . . he goes blind;
or sees two targets . . . he is out of his mind!
His skill has not changed.  But the prize . . . divides him.  He cares.
He thinks more of winning than of shooting . . . 
and the need to win drains him of power.
            – Chuang Tzu, 400 B.C..
 
If you do not relate, then you are not likely a trader.
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