China Vice FinMin Yu: Will ensure fiscal funding for coronavirus control

Following the comments from the Chinese central bank (PBOC), the country’s Vice Finance Minister Yu also comments on the measures that are rolled out to counter the negative impact of the China coronavirus outbreak on the economy.

Key Quotes:

China has allocated 66.74 bln yuan in fiscal funds for virus control.

Will ensure fiscal funding for virus control.

China's coronavirus prevention and control at crucial stage.

Separately, the PBOC Vice Governor Pan said that they will strengthen counter-cyclical adjustments, promote healthy and steady development of the economy.