– China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media.
The PBOC will release more liquidity to banks by adjusting the criteria for targeted reserve requirement ratios cuts, Liu said. Chen Yulu, another vice central bank governor, said that the coronavirus’ impact on China’s economy will be short-term and limited, and that the country is fully confident it beat the epidemic, state media reported on Saturday.
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