BEIJING (China Daily/ANN): China is sticking with more realistic monetary approaches to ramp up economic activities, rather than rushing to join the global wave of interest rate cuts amid the spread of novel coronavirus pneumonia.
Without further easing monetary policy, the People's Bank of China, the central bank, highlighted the priority task of containing the outbreak's impact -- to accelerate business resumption -- at a meeting on Wednesday (March 4), as policymakers agreed that stagnant production is a major threat to the economy.