Medical workers spray antiseptic outside of the main gate of Shanghai Stock Exchange Building on Feb. 3, 2020.The Chinese government has held up Canada as a bulwark of calm next to the more dramatic U.S. reaction to the spreading Wuhan virus, drawing Ottawa into the middle of a new spat between the world’s two largest economic powers — even as plunging stock markets reflected widespread panic among people across China.
On Monday, however, the country’s foreign ministry lashed out at the U.S. for spreading fear, setting a bad example and, spokesperson Hua Chunying said, “turning from overconfidence to fear and overreaction.” However, Ms. Hua made no promises about when Beijing might give permission for a plane chartered by the Canadian government to fly from Hanoi to Wuhan to evacuate Canadians trapped in a sprawling lockdown zone around the epicentre of the virus. That plane ”is standing by,” and will fly to Wuhan “once the Government of China has given authorization to land,” Global Affairs Canada said in a news release Sunday.
But the force of market pessimism overwhelmed even the powerful tools wielded by Beijing. To arrest falling markets may take as much as five times the four trillion yuan — $750-billion in today’s dollars — used by Beijing to shield its economy from the convulsions of the 2008 financial crisis, said Wang Fuzhong, a scholar at the Central University of Finance and Economics.
Many reached for comparisons to the SARS epidemic, which in 2003 caused financial losses equivalent to 1.05 per cent of China’s economy. Scholars have estimated the global loss from SARS at US$40-billion.
That’s Iran’s take too. When will all the victims remains be returned? Maybe Mr. Dressup could let his quail sized nuts drop down and demand china back up the acknowledgement by returning the 2 politically detained prisoners and get us something in return for 🇨🇦’s support & risk?
Glad Trudeau is more worried about China then Canada. Who the is he working for ?
I'm suddenly reminded of a children's song: 'I've got Canada in my pocket...'
China is calm as they see their purpose is getting fullfiled. As long as no country raise questions on issue including corona virus, they will sit relax.Once they roar back Canada will be running off to shore again. Baby in his diapers is still trying to work out a deal.
Trudeau will have Canadians pay for his stupid decision. I am wondering how we can object.
Finally some good reporting from China towards Canada. Canada appears to be the calm in a sea of panic reactions in some Western countries; in the case of the US they normally act like nervous nellies on anything like this. Glad Canada is setting its own course on this issue.
Justin's Canada continues to be a pawn in a global game.
China is mistaking calm for clueless.
Seems by the picture that China is taking this more seriously! Caution over money please!
Oh good. Perhaps China will release the 2 Canadian hostages they are holding as a sign of gratitude for the Canadian government's rational, non-racist and fact-based response to the coronavirus ChinaCoronaVirus
When will China release Korvig and Spavor?
pfft. trudeau their complicit communist puppet is there to help them take over Canada any way he can