the Impact of the outbreak of the coronavirus in China's economy to be limited and temporary and long-term financial markets will return to normal, said in a Monday report in the newspaper Financial News, owned by the Central Bank of China.
"the virus Outbreak will not change the strong economic fundamentals of China in the long term", - stated in the message.
the report also said that the fall in stock markets on Monday due to a number of irrational factors, including panic selling.
Investors are, however, frightened by the effect of the virus on growth, as today blocked quarantine measures whole regions of the country. For blocked regions accounted for approximately 90% of the smelting of copper, 60% steel production, 65% of oil and 40% coal.
According to estimates by Bloomberg Economics, the growth rate of the Chinese economy may slow down to 4.5%, which is the lowest figure for the quarter since 1992.
Chinese Stock market closed with a fall of 7-8% on fears of coronavirus. The index of the Shanghai stock exchange Shanghai Composite fell 7.7% to 2746,61 item, the index of the Shenzhen stock exchange Shenzhen Composite 8.4% to 1609 points.
In General, the outbreak of coronavirus has deprived the Chinese company more than $ 400 billion of capitalizatio on Monday, the first day of trading after long new year holidays.
"According to our baseline scenario, we expect that the outbreak of the coronavirus will have a temporary effect on the economy of China, the growth rate of annual GDP in China will remain at the level of our forecast of 5,8% in 2020," — said in a Moody`s.
According to the managing Director of the International monetary Fund (IMF) of Kristalina Georgieva, coronavirus, may have a negative impact on the global economy in the first quarter of this year. "It is too early to evaluate the implications of the coronavirus for the world economy, but it is not too early to recognize that we live in a world that is increasingly susceptible to various kinds of shocks," she said.
2019 New coronavirus-nCoV was discovered in China in December 2019. The national Commission of health of China reported that the number of deaths in China from a newly identified virus, which appeared in Wuhan in the Central Hubei province in December, increased to 361 compared to the previous day, to 57 from the previous day.
Hospital for 1000 beds, built in just eight days to treat people with the virus in Wuhan, will begin accepting patients on Monday, reported the state media China. More than 7,500 workers took part in the project launched on January 25 and ended this weekend.
the Second hospital in Wuhan 1,600 beds will be put into operation on February 5.
