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

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. ($1 = 7.0749 Chinese yuan renminbi) (Reporting by Gabriel Crossley; Writing by Ryan Woo; Editing by Mark Heinrich)

Reuters March 27, 2020 00:05:30 IST
China implementing $344 billion of mainly fiscal measures in coronavirus fight

China implementing 344 billion of mainly fiscal measures in coronavirus fight

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.

($1 = 7.0749 Chinese yuan renminbi)

(Reporting by Gabriel Crossley; Writing by Ryan Woo; Editing by Mark Heinrich)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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