Archives of “Influenza A virus subtype H5N1” tag

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China offers to send Italy 1000 lung ventilators, 2 million face masks, 20,000 protective suits and 50,000 test kits.

  
  Analysis
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Italy was quick to respond to the COVID-19 outbreak in China, sending supplies to the country.

China is responding in kind,
China’s embassy in Italy:
  • The Chinese government is ready to do its part as a sign of deep thanks to Italy for helping the country in times of need.
  • Beijing is willing to supply Italy with one thousand lung ventilators, in addition to two million masks, 100 thousand of which are high-tech, 20 thousand protective suits and 50 thousand swabs for coronavirus tests.

PBOC says that stock market plunge today is due to some irrational factors

  
Analysis, Global Indices
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Says that impact from the virus outbreak on China’s economy is temporary

  • Stock market plunge also due to panic triggered by ‘herd effect’
  • Virus outbreak will not change China’s long-term economic fundamentals
  • Economic development still has positive factors and shows strong resilience
Chinese authorities have been offering a lot of reassurances during the course of the day and I reckon this rhetoric could be one that keeps up for the rest of the week as they try to inject some calm into markets today.
For some context, the drop in the Chinese equities today is the most since 2015 and the Shanghai Composite recorded its 6th largest % decline since 2000:
SHCOMP
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