China’s Hubei province reports zero new cases of COVID-19 as of March 22

Reuters reports that Mainland China had 39 new confirmed cases on Sunday, the country's National Health Commission said, down from 46 a day earlier.

All of the new cases involved travellers arriving in China from abroad, the health authority said in a statement on Monday. That brings the total accumulated number of confirmed cases in mainland China so far to 81,093. The death toll from the outbreak in mainland China reached 3,270 as of the end of Sunday, up by nine from the previous day.

Key numbers

Mainland China reports 39 (all imported) new COVID-19 cases as of March 22 (vs. 46 on March 21)

• Reports 9 deaths on the mainland on March 22 (vs. 6 on March 21).

Mainland China total number of COVID-19 deaths reach 3270 as of March 22.

• Total number of cases at 81093 as of end-March 22.

China’s Hubei province reports zero new cases of COVID-19 as of March 22.

• Reports 9 new deaths as of March 22 vs. 5 on March 21.

Market implications

While it is encouraging to see, yet again, that there have been no further new cases in China’s Hubei province, this remains a period of high uncertainty and immense pressure for the global economy pressing a threat to every economy across the world. Risk-off and Fx market volatility is here to stay.