An employee of the State-owned CNPC Economics & Technology Research Institute (CNPC ETRI) recently said they were exploring the possibility of a Beijing-led global health organization that would rival the WHO. They had sounded Israeli experts at SIGNAL, an Israeli nonprofit dedicated to strengthening Israeli-China ties, how such an organization would be viewed. The CNPC ETRI employee wrote "According to our analysis, the situation of coronavirus around the world is urgent, therefore, we consider that perhaps the world needs a leadership country/organization coordinating all the countries affected in fighting against coronavirus, just like the leadership role of U.S. in W.H.O." Carice Witte, the founder and executive director of SIGNAL, told Axios the idea of a Beijing-led WHO alternative is "very interesting in the context of China's aim to reshape global governance, including setting up parallel institutions." 

(Comment: The CNPC ETRI is a think tank affiliated with the China National Petroleum Corporation, which is owned by the Chinese government. The president of CNPC ETRI reports to Chinese leadership. If actually floated this will be the first global organisation to be established by China and will rival the WHO.)