Chinese policymakers have implemented a raft of measures to support an economy j...
- Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth.
** On Feb. 3 and Feb. 4, the People’s Bank of China pumped in 1.7 trillion yuan through open market operations. The cost of special re-lending, at 300 billion yuan, from the PBOC to commercial banks is relatively low, it said. ** China’s finance ministry said on Feb. 1 materials directly used for epidemic control will be exempt from import tariffs from Jan. 1 to March 31.
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