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 PBOC has told banks to cap rates on loans for selected firms at 3.15%, 1 percentage point lower than the latest LPR. Imports of donations including ambulances and disinfectant products will also be exempt from tariffs, value-added tax and consumption tax, the finance ministry said.
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