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China implementing $344 billion of mainly fiscal measures in coronavirus fight

Published 03/26/2020, 11:10 AM
Updated 03/26/2020, 11:15 AM
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Beijing

BEIJING (Reuters) - China is implementing $344 billion of mainly fiscal measures in its fight against the coronavirus outbreak, a Foreign Ministry official said on Thursday.

The money already spent includes 1 trillion yuan ($141 billion) in tax reductions, as well as liquidity released through targeted tools, Wang Xiaolong, director-general of international economic affairs at the ministry, told reporters.

Latest comments

China will have to pay 100times Almighty is noticing all.
no-one is sure whether it is american or china virus but sure thing is that everything happening is in very planned and organised manner, which is someone's plot
Everyone is sure it’s a China virus but the CCP
do you mean China created a virus and accidentally killed their own people?
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