China central bank sees limited impact to economy from Covid-19

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HONG KONG: China's central bank said on Wednesday (Feb 19) the impact of the Covid-19 (coronavirus) outbreak on the economy will be limited as the epidemic has not changed the country's economic fundamentals.

The People's Bank of China said it would help anti-virus efforts by extending credit, including by providing favourable loans or interest rates to companies involved in controlling the epidemic.

The death toll from the coronavirus in mainland China passed 2,000 on Wednesday, although new cases fell for a second straight day, as authorities tightened containment measures in the worst-hit city of Wuhan.

 

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