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HONG KONG: China's central bank said on Wednesday (Feb 19) the impact of the Covid-19 (coronavirus) outbreak on the economy will be limited as the epidemic has not changed the country's economic fundamentals.
SHANGHAI/TOKYO: More than 2,600 new cases of a coronavirus have been confirmed in China with deaths up by 143, health officials said on Saturday (Feb 15), as the United States urged its citizens to leave a virus-struck cruise ship under quarantine in Japan.
BEIJING: China’s central bank pledged more financial support for small and micro businesses while saying it plans to stick to a prudent monetary policy stance this year.
BEIJING: China’s central bank trimmed the amount of cash that lenders must hold in reserve, and signaled continued action in 2020 to reduce borrowing costs for companies.
BEIJING: China’s central bank will increase the supply of cheap funding to banks by cutting the amount of cash they need to hold as reserves, a move aimed at putting a floor under economic growth in 2020.
BEIJING: China will focus on economic stability in 2020, maintaining its proactive fiscal policy and prudent monetary policy to ensure high-quality growth, a statement issued after the annual Central Economic Work Conference said on Thursday.
BEIJING: China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-US war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand.
BEIJING: China said it will take targeted measures to cope with rising risks and challenges facing the nation’s finance sector amid slowing economic growth and trade tensions with the U.S.
BEIJING: China’s central bank has pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February’s bank lending due to seasonal factors.
BEIJING: China's central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February's bank lending due to seasonal factors.