China’s Central Bank To Start Re-Lending Funding To Fight Virus
FEBRUARY 9, 2020
China’s central bank will release a set of funds intended to combat the coronavirus this week, and will begin to offer the service on a weekly basis soon, according to Bloomberg. The Peoples’ Bank of China ( PBOC ) said the move was intended to cushion the impact of the deadly virus, which has killed over 800 people in the country. The virus has also been affecting profits for businesses, as retail spending and industrial production have been weakened.