PBoC: Will increase credit support to fight back against impact of coronavirus outbreak

Market news

19 February 2020

PBoC: Will increase credit support to fight back against impact of coronavirus outbreak

Coronavirus outbreak will have a certain impact on China's economy but the size and duration will be limited
The fundamentals of China's economy have not changed
China's economy faces several challenges but will fend off major financial risks
Will comprehensively use monetary policy tools, keep yuan basically stable
Will support firms to resume operation and production

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