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Chinese Banks Quarantine Cash, Japan and France have Coronavirus Deaths

Summary:
Who Knew What When? In an attempt to show he was on top of things, Chinese president Xi claims to have been Fighting Virus Earlier Than Previously Reported. China’s Communist Party leader, Xi Jinping, issued internal orders about the coronavirus epidemic in early January, about two weeks before his first public remarks on the outbreak, according to a speech by Mr. Xi that was published Saturday. Is that believable? If so, that means the government hid concerns for two weeks. Either way it looks bad to me. Other News Headlines The U.S. says it will evacuate Americans from the cruise ship quarantined off Japan. France announces the first coronavirus death in Europe and its 12th case. China reports more than 2,000 new cases and 139 deaths, most in Hubei. Africa rushes to train health

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Who Knew What When?

In an attempt to show he was on top of things, Chinese president Xi claims to have been Fighting Virus Earlier Than Previously Reported.

China’s Communist Party leader, Xi Jinping, issued internal orders about the coronavirus epidemic in early January, about two weeks before his first public remarks on the outbreak, according to a speech by Mr. Xi that was published Saturday.

Is that believable?

If so, that means the government hid concerns for two weeks.

Either way it looks bad to me.

Other News Headlines

  • The U.S. says it will evacuate Americans from the cruise ship quarantined off Japan.
  • France announces the first coronavirus death in Europe and its 12th case.
  • China reports more than 2,000 new cases and 139 deaths, most in Hubei.
  • Africa rushes to train health workers.
  • Protests against coronavirus clinics spring up in Hong Kong. Many of the demonstrators, numbering in the hundreds, were dressed in black, the signature color of the city’s anti-government protests.
  • At least two workers who helped build a new coronavirus hospital in 10 days are infected.

China’s Banks Quarantine or Destroy Cash

The central banking authorities of China are disinfecting, stashing and reportedly even destroying cash in an effort to stop the spread of the coronavirus.

Fan Yifei, deputy governor of the People’s Bank of China, said at a news conference on Saturday that the cash collected by commercial bank

Cash collected from hospitals and food markets must be handled separately and disinfected before depositing the notes to the People’s Bank of China, Mr. Fan said. In severely hit regions, the collected cash must undergo ultraviolet or high-temperature disinfection and be stored for 14 days before going back to the market, he added. In less affected areas, the bank notes must be disinfected and stored for a week before use.

A People’s Bank of China branch in the southern city of Guangzhou is even destroying bank notes that came from hospitals, food markets and public transportation, according to a report by Nanfang, a state-owned outlet in Guangdong Province.

Family Death Cascade

Seven-Day Doubling

Fear and Boredom on Cruise Ship

Supply Chains

WHO says China Bought the World Time

This is a hoot: WHO says China Bought the World Time

These hypocrites praise China for quarantines while condemning other countries for flight bans.

It's those flight bans that may have stopped the spread internationally.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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