Corona Virus Spread—
The spread of the “Corona” virus in China and the Asian countries in general, has a clear impact on the economic situation in China, where Chinese stocks fell by $ 420 billion in trading sessions held on Monday, February 3, 2020, and you will find the details in the following lines.
Chinese stocks drop due to spread of Corona virus
Although the central bank has poured liquidity into the financial system, the Chinese stock market has witnessed a significant decline, despite great efforts by regulators to prevent the sale of these shares.
And the death rate in China as a result of the spread of the Coruna Virus recorded about 361 people as of Sunday, February 2, 2020, after it was only 17 people, according to the statistics that were conducted last month, specifically on January 23, 2020.
It is worth noting that some economic sources announced that “the Shanghai Composite Index lost 8%, approaching its lowest level in only one year, and that the value of the yuan has also recorded its lowest level during this year since the start of trading sessions, and decreased to reach its value to 1.2 %, And thus exceeded the level of seven yuan to the US dollar, there is no doubt that these successive and sudden declines at the same time following the spread of the Corona virus during the last period, which caused its spread to create a state of panic at all levels in China, not only on the economic level but on all Ascend.
— 
