The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP
The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP
Economy /  China Economy

China floods economy with cash with coronavirus outbreak set to hit economic growth hard

  • Commercial banks extended 3.34 trillion yuan (US$477 billion) of credit in January, an all-time high for bank lending in a single month, the People’s Bank of China said
  • Aggregate financing also reached a new high of 5.07 trillion yuan (US$724 billion)

Topic |   China economy
Frank Tang
Frank Tang in Beijing

Updated: 10:59pm, 20 Feb, 2020

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The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP
The world’s second largest economy is widely estimated to suffer a decline of around a few percentage points in the first quarter of 2020 as the virus forced the vast majority of Chinese business activities to a standstill. Photo: AP
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