China will step up monetary and credit support to enterprises helping its fight against the deadly new coronavirus, the central bank said Saturday, as the disease threatens to further dent a slowing economy.
This is to help with their financial needs in areas ranging from buying medical supplies to building public health infrastructure. It added there should be differentiated financial services provided to regions and industries hit by the virus epidemic. The central bank will also tap lower lending rates, an increase of credit loans, as well as medium- and long-term loans to help enterprises overcome the impact of the epidemic.
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