China Expected to Further Ease Monetary Policy in Fight Against Coronavirus

Posted by Jimmy Zhu on Feb 7, 2020 10:30:00 PM

The People's Bank of China said that it will step up financial support to crucial sectors hit hard by the coronavirus.

Chief Strategist Jimmy Zhu said that the decision to further ease monetary policy works two ways – firstly, it boosts the confidence of the financial market, and secondly, it contains the negative impact of the current health situation that has since forced the majority of business operations to shut down.

Read this CGTN exclusive to learn more.