BEIJING: Various Chinese government entities have allocated 110.48 billion yuan in coronavirus-related funding as of Mar 4, Vice Finance Minister Xu Hongcai said at a press briefing on Thursday .
He warned that the outbreak could temporarily affect the government's revenues but he expected the pressure on the government's fiscal position to ease as the economy recovered. China saw an uptick in new coronavirus cases on Thursday driven by more cases in Wuhan, the provincial capital of Hubei, where the virus is believed to have emerged in a market late last year.
READ: Commentary: COVID-19 just one of a few 'white swans' that could trigger next global economic crisis
US house just budgeted 8B. Hope it is enough.
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