Gov't mulling over stimulus package for economic impact of coronavirus

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CORONAVIRUS | China is one of Malaysia's most important trading partners and many sectors will be hit, says Economic Affairs Minister.

| If the outbreak persists over a long period of time and affects China's economy, the Malaysian economy will also be affected as China is one of Malaysia's most important trading partners, said Economic Affairs Minister Azmin Ali.

"The stimulus package that the government is considering is not only an injection of the economy but also a priority on the need to ensure the safety and well-being of the people," said AzminAzmin cited that in 2019, Malaysia received nearly 26 million tourists, of whom more than three million were from China, with the tourism sector contributing 15 percent to the country's GDP.

"The MEA is also prepared to consider additional provisions if necessary. The government will give priority to the health and safety of the people," said Azmin.

 

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