China implementing $344 billion of mainly fiscal measures in coronavirus fight

China implementing $344 billion of mainly fiscal measures in coronavirus fight

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Beijing

BEIJING (Reuters) – China is implementing $344 billion of mainly fiscal measures in its fight against the coronavirus outbreak, a Foreign Ministry official said on Thursday.

The money already spent includes 1 trillion yuan ($141 billion) in tax reductions, as well as liquidity released through targeted tools, Wang Xiaolong, director-general of international economic affairs at the ministry, told reporters.

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Source : Reuters Link

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