China says it will inject more money into the financial system to ensure the coronavirus outbreak does not cause a further economic slowdown. Photo: AFP

China pledges more money to help companies weather coronavirus outbreak

  • Central bank says it will cut lending rates, increase liquidity to ensure financial stability as death toll and number of confirmed cases continue to rise
  • Statement comes as report by Hong Kong scientists says there could be more than 75,000 infected people in Wuhan alone
Topic |   Coronavirus outbreak

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China says it will inject more money into the financial system to ensure the coronavirus outbreak does not cause a further economic slowdown. Photo: AFP
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Josephine Ma

Josephine Ma

Josephine Ma is China editor-at-large. She has been covering China news for the South China Morning Post for more than 20 years, most recently as China editor. As a Beijing correspondent, she reported on everything from the Sars outbreak in 2003 to the Lhasa riot and Beijing Olympics in 2008.

Laura Zhou

Laura Zhou

Laura Zhou joined the South China Morning Post's Beijing bureau in 2010. She covers China's diplomatic relations and has reported on topics such as Sino-US relations, China-India disputes, and reactions to the North Korea nuclear crisis, as well as other general news.