The"sound” fundamentals of the domestic economy remain unchanged in the medium to long run despite a short-term slowdown due to the epidemic, Chen Yulu, a deputy governor at the People’s Bank of China, wrote in an opinion piece in the Financial Times dated Feb. 20.
The"sound” fundamentals of the domestic economy remain unchanged in the medium to long run despite a short-term slowdown due to the epidemic, Chen Yulu, a deputy governor at the People’s Bank of China, wrote in an opinion piece in the Financial Times dated Feb. 20. The PBOC summarised the column in a separate posting Sunday.
China has implemented measures including liquidity injections to the banking system and interest-rate cuts to counter the impact of the outbreak. With President Xi Jinping repeatedly assuring that China will meet its economic goals, financial markets have rebounded. Domestic stocks have restored more than $1 trillion in market value since tumbling in early February.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jail cases add to China Covid-19 tally as S. Korea infections double | Malay MailBEIJING, Feb 21 — The new coronavirus has infected about 500 people in China’s prisons, almost half outside the province at the centre of the epidemic, authorities said today, while South Korea reported 100 new cases that doubled its infections. The overall increase in new cases in China was...
Source: malaymail - 🏆 1. / 86 Read more »
More than 23,000 patients in China cured of Covid-19 casesBEIJING: Nearly 23,000 patients infected with the Covid-19 (coronavirus) have so far recovered and been discharged from hospitals in China as the country makes progress in its fight against the epidemic.
Source: staronline - 🏆 4. / 75 Read more »
Ukraine minister joins China evacuees after quarantine clashesProtesters say evacuees should be away from populated areas, instead of in their community. FMTNews Ukraine Protest
Source: fmtoday - 🏆 5. / 72 Read more »
China reports fewer coronavirus cases outside epicentre, cases surge in S. Korea | Malay MailSHANGHAI, Feb 23 — China reported another fall in new coronavirus infections outside of its epicentre today, but world health officials warned it was too early to make predictions about the outbreak as new cases and fears of contagion increased elsewhere. China’s health commission confirmed 648...
Source: malaymail - 🏆 1. / 86 Read more »
'Be Strong China', says Aussies at National Multicultural FestivalCANBERRA/BEIJING: The China stage at the annual Australian National Multicultural Festival in 2020 was less glitzy, as actors and actresses in China were unable to come due to the COVID-19 outbreak. However, it seemed to attract more visitors this year, who signed their names and left encouraging words on a banner bearing the slogan: Be Strong, China!
Source: staronline - 🏆 4. / 75 Read more »
New Covid-19 cases fall in China but WHO concerned by global spreadCORONAVIRUS | World health officials warn it's too early to make predictions about outbreak as new infections rise in other countries.
Source: malaysiakini - 🏆 20. / 51 Read more »