With the coronavirus posing a greater threat to the economy, the outbreak left the top leadership with a decision to make, as the efforts in 2008 left the nation with a mountain of debt. Photo: Bloomberg
Explainer |
What stimulus measures did China use to combat the economic impact of the coronavirus?
- Faced with the unprecedented economic impact of the coronavirus outbreak, China rolled out numerous measures to aid the world’s second largest economy
- In response to the global financial crisis in 2008, China implemented a massive 4 trillion yuan (US$564 billion) stimulus package
With the coronavirus posing a greater threat to the economy, the outbreak left the top leadership with a decision to make, as the efforts in 2008 left the nation with a mountain of debt. Photo: Bloomberg
