BEIJING -- China is tapping all the monetary and fiscal tools available to blunt the impact of the coronavirus outbreak on the economy, planning a cut to a benchmark lending rate and nearly $1 billion in spending for direct assistance.
Economy
China pulls out all the stops to cushion economic blow from virus
Measures include lending rate cut and $1 billion in related spending
The Chinese government has already poured 1.7 trillion yuan of liquidity into markets to help the economy. © Reuters
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