BEIJING—China’s central bank said Sunday it would supply 1.2 trillion yuan (about US$173.8 billion or 249.11 trillion kyats) to money markets on Monday as the country’s government struggles to combat an outbreak of a new pneumonia-causing coronavirus.
Amid growing fears that the world’s second-biggest economy will face a sharp downturn in the aftermath of the virus spread, the latest move by the People’s Bank of China was apparently aimed at securing the stability of financial markets on Monday.
Read more:
You may also like these stories:
China Reports Fourth Death as New Virus Infection Among Humans Confirmed
China Nixes Myanmar’s Plan to Evacuate 60 Students From Virus-Hit Wuhan
Virus Deaths in China Top 360, Overtake Mainland Toll for SARS
After Eight-Day Construction, China Virus Hospital Starts Receiving Patients
