12.03.202011:15 Forex Analysis & Reviews: China: coronavirus peak is over

Today, China, represented by the official representative of the Health Committee, Mi Feng, announced that the whole country has passed the peak scenario of the coronavirus otherwise known as COVID-19. According to Feng, there were no new infections in Hubei, with the exception of Wuhan. Isolated cases of infection are imported. It should be noted that Chinese discipline and cohesion in the face of a common threat against their country works wonders. There are videos that shows the incredible performance and dedication of Chinese doctors who do not remove masks and personal protective equipment for days. And their main goal is not to earn money, but by all means to help their country and save their people. The level of organization and incredible performance and dedication to its leadership made China not only the second largest economy in the world, but as practice and dynamics show, it's a country conquering the viral epidemic. On one hand, one might say that these are pathetic actions, but on the other hand, imagine a situation that an epidemic would arise in some backward and densely populated country in the world. I will not name such places, but you might be able to imagine them. With a situation of an uncontrolled epidemic spreading like a plague and NO ONE CAN DO ANYTHING - neither help, nor control, nor stop. Therefore, today I think it is a MIRACLE that this happened in China - a country with a high level of organization, discipline and devotion to its people.

Well, now let's see the reaction of traders to the attenuation of the Chinese epidemic through gold:

And now Italy is asking for help from China in the fight against this epidemic, where a nationwide quarantine has already been announced. Let me remind you that the mortality associated with COVID-19 in Italy is almost two times higher than in China. The United States closed entry into the country for foreigners for a period of 30 days. The head of the White House explained this by "insufficient response to the threat of an epidemic." All this reveals the problems of the low level of the European organization, and the issue is not only in healthcare. While Europeans are simply scared as they sit home, emptying the shelves of shopping centers, the Chinese, at the cost of even their own lives, really save their country from a new epidemic of the 21st century.

And in the end a few words about our long-suffering country. My child goes to a Moscow school. And what I see and know about quarantine at school leads me into a stupor ... And it's not about the means, it's about our irresponsibility, disorganization and the absence of a national idea and unity. I sincerely hope that at least the next generation will succeed.