Whilst the Chinese authorities have revealed a number of measures to calm market panic, such as injecting 1.2 trillion yuan (US$170bn) in the markets, the purpose of which to purchase securities from investors looking to exit the markets and stabilise asset prices, the happenings of the last few weeks have put most investors at somewhat of a Coronavirus Crossroads.
To give some detail on happenings, as I write this article news on coronavirus is moving exceedingly quickly and everything is potentially subject to dramatic change. The PBOC has lowered interest rates on reverse repurchase agreement from 2.5 per cent to 2.4 per cent. China’s rhetoric remains committed to doing whatever is needed but that still may not be enough. Coronavirus has already taken more lives than SARS epidemic which took in total 249 lives in 2003.
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