Coronavirus Outbreak: All the Secrets Revealed About the Covid-19 Pandemic. A complete Rational Guide of its Evolution, Expansion, Symptoms and First Defense

List of Countries That Have Restricted or Banned Chinese Tourists or
Visitors
On 2 February 2020, the US released the highest level of travel advisory
(level 4) and instructed its citizens not to fly to China. It also encouraged US
people in China to leave as far as possible through commercial means or stay
home while avoiding contact with others. On 1 February 2020, Australia
announced strengthened border control measures to curb the spread of the
virus. All incoming passengers are subject to enhanced screening measures
and, as of 1 February 2020, passengers leaving China are denied entry. The
trip excludes Australian nationals, permanent residents and members of their
immediate family.
New Zealand imposed temporary travel restrictions for all foreign nationals
coming from China into the country. The limits were set for up to 14 days
and should be checked every 48 hours.
On 3 February 2020, Maldives announced new border security measures to
limit the entry of all passengers from China, except Maldivian nationals or
those who have transited through China. Maldivians were also warned
against non-essential travel to China and other countries affected by the virus.
Indonesia, Israel, Iraq, Italy, Honduras, El Salvador Oman, Saudi Arabia,
Russia, Japan, Vietnam, Singapore and Pakistan are some of the other
countries that either have placed travel restrictions or cancelled direct flights
to China, as stated by the BBC and Reuters.
Fiscal Measures to Minimize Economic Impact: Liquidity Infusion and
Tariff Cuts
Cuts Corona virus outbreaks will have a greater negative impact on the global
economy than the outbreak of SARS (Severe Acute Respiratory Syndrome)
in 2003, as any recession in the Chinese economy would not send ripples but
waves around the globe, IHS Markit said Friday.
The epidemic has brought to a standstill large part of the world's second-
largest economy and its influence has been felt through industries. Corona
virus will have a greater negative impact on the global economy than was the
2003 SARS outbreak. China was the sixth biggest economy at the time of
SARS, accounting for only 4.2 per cent of world GDP. China is now the
second-largest economy in the world, accounting for 16.3 per cent of global
GDP. Therefore, any downturn in the Chinese economy does not send ripples

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but waves across the globe, "IHS said in a commentary on corona virus
outbreak.
In this case, the corona virus and the subsequent measures will reduce global
real GDP by 0.4% in 2020. On the other hand, if containment measures begin
to rise on February 10, the impact on global GDP will be more minimal,
leading to 0.1 per centimeter.
The effects of corona virus in household consumption are most pronounced
and somewhat mitigated in the industrial sector because factories are
seasonally idle during this time period. Nonetheless, China's economy today
is more fragile in many ways than it was in 2003, with production and overall
economic growth already slowing and the consequences of the trade dispute
between the US and China, "it said.
Because SARS and its effect on the world economy are now much bigger,
China's GDP has risen dramatically.
Chinese growth slowdown can be a significant drag on global growth. China
contributed 23 per cent of global GDP growth in 2002, with China
contributing an additional 38 per cent of world growth in 2019, "IHS said.
The People's Bank of China (PBOC) publicized strategies to carry out
RMB1.2tn ($173bn) reverse repurchase operations to ensure an adequate
supply of liquidity to the economy. The current liquidity in the banking
system is RMB900bn ($129bn) more than the one registered in the previous
year during the same time. China is also expected to announce tariff
reductions on essential goods imported from major countries like the US, in
order to ensure supplies despite the recent trade war between the two
countries.