Money is laundering in China. There’s a coronavirus behind it

Only clean banknotes can be in circulation. The Chinese government has ordered the disinfection of banknotes. Only then can they return to circulation. Beijing thus wants to prevent the further spread of the dangerous disease. The coronavirus has already killed more than 2,200 people and infected just over 75,000 people.

China, Cornavirus

Banks have been collecting the most money since last week affected areas – ie where there are huge numbers of people and the goods are exchanged. These are, for example, hospitals and markets. For disinfection use heat or ultraviolet radiation. Banknotes subsequently stored for two weeks at the premises of the People’s Bank of China (PBOC).

“After the outbreak, we focused all our attention on it The use of paper money and coins was a health issue the safest. In this case, we do not want to neglect anything, “he said Deputy Governor of PBOC Bank Fan Yifei. The bank before the announcement raised 600 billion (approximately € 78 billion) in total new yuan. These are to replace contaminated banknotes and coins. To the epicenter of the disease, the city of Wu-Chan, has already channeled the first four billion, namely even before the holidays associated with the Chinese New Year.

Although this plan seems at first sight to be an extreme solution, in this one situation is literally a necessity. Paper money and coins are one of the most polluted things people come to every day with contact. On one banknote, according to an American study from 2017 on average finds almost 400 species of bacteria, while also common the flu virus on its surface survives for 12 days.

For coronavirus, the World Health Organization estimates survival without a host for only a few hours. But nothing is certain and the Chinese government does not want to take any further risks.

An alternative? Electronic payment

The Chinese government has urged residents to avoid holding cash. He advises them to process as many payments as possible electronically. “Electronic system payments is at a high level in China, “added Yifei. The government is therefore trying automate electronic payment alternatives even more. And also simplify payment by card or mobile phone.

Most Chinese have already resorted to online payments. Professional the public therefore thinks that similar measures will help stop the spread infection only minimally. At present, most payments are in progress exclusively by cashless contact. Money is the last alternative transmission of the disease. That’s why experts try to draw people’s attention rather for increased personal hygiene and disinfection of hands with soap, respectively disinfectant gels. The virus is spread by contact with the contaminated surface. The most common are door handles, common electronics or chair backs.

Cars are falling

Sales of passenger cars in China in the first half of February year on year fell by more than 90 percent. There’s a coronavirus behind it. The result is so closed companies and shops. “In the first weeks of February, it was only a few stores open. Plus, a lot of people haven’t visited either. “ according to the TASR agency, the Chinese Automobile Association (CPCA). For throughout February, vehicle sales are expected to decline by about 70 percent. From the beginning of the year, this would be a two-fifth drop.

Chinese Automobile Manufacturers Association (CAAM), according to Reuters expects car sales in China to decline in the first half of this year year-on-year by more than a tenth. The result would be a decrease of about 5 percent in this year. Even if the epidemic manages to get under inspection by April.

Only clean banknotes can be in circulation. The Chinese government has ordered the disinfection of banknotes. Only then can they return to circulation. Beijing thus wants to prevent the further spread of the dangerous disease. The coronavirus has already killed more than 2,200 people and infected just over 75,000 people.

China, Cornavirus

Banks have been collecting the most money since last week affected areas – ie where there are huge numbers of people and the goods are exchanged. These are, for example, hospitals and markets. For disinfection use heat or ultraviolet radiation. Banknotes subsequently stored for two weeks at the premises of the People’s Bank of China (PBOC).

“After the outbreak, we focused all our attention on it The use of paper money and coins was a health issue the safest. In this case, we do not want to neglect anything, “he said Deputy Governor of PBOC Bank Fan Yifei. The bank before the announcement raised 600 billion (approximately € 78 billion) in total new yuan. These are to replace contaminated banknotes and coins. To the epicenter of the disease, the city of Wu-Chan, has already channeled the first four billion, namely even before the holidays associated with the Chinese New Year.

Although this plan seems at first sight to be an extreme solution, in this one situation is literally a necessity. Paper money and coins are one of the most polluted things people come to every day with contact. On one banknote, according to an American study from 2017 on average finds almost 400 species of bacteria, while also common the flu virus on its surface survives for 12 days.

For coronavirus, the World Health Organization estimates survival without a host for only a few hours. But nothing is certain and the Chinese government does not want to take any further risks.

An alternative? Electronic payment

The Chinese government has urged residents to avoid holding cash. He advises them to process as many payments as possible electronically. “Electronic system payments is at a high level in China, “added Yifei. The government is therefore trying automate electronic payment alternatives even more. And also simplify payment by card or mobile phone.

Most Chinese have already resorted to online payments. Professional the public therefore thinks that similar measures will help stop the spread infection only minimally. At present, most payments are in progress exclusively by cashless contact. Money is the last alternative transmission of the disease. That’s why experts try to draw people’s attention rather for increased personal hygiene and disinfection of hands with soap, respectively disinfectant gels. The virus is spread by contact with the contaminated surface. The most common are door handles, common electronics or chair backs.

Cars are falling

Sales of passenger cars in China in the first half of February year on year fell by more than 90 percent. There’s a coronavirus behind it. The result is so closed companies and shops. “In the first weeks of February, it was only a few stores open. Plus, a lot of people haven’t visited either. “ according to the TASR agency, the Chinese Automobile Association (CPCA). For throughout February, vehicle sales are expected to decline by about 70 percent. From the beginning of the year, this would be a two-fifth drop.

Chinese Automobile Manufacturers Association (CAAM), according to Reuters expects car sales in China to decline in the first half of this year year-on-year by more than a tenth. The result would be a decrease of about 5 percent in this year. Even if the epidemic manages to get under inspection by April.