PBoC loosens credit for province hit by coronavirus

New banknotes issued in bid to slow spread of disease, officials say


The People’s Bank of China has responded to the country’s coronarvirus outbreak by pumping liquidity into financial markets, while trying to maintain the financial infrastructure in the area worst affected by the epidemic, officials have said.

The PBoC’s branch in Wuhan, the capital city of Hubei province, has been faced with several challenges, officials said. There have been more than 70,000 confirmed cases of the virus in China so far, with more than 59,000 in the province.

The Wuhan branch

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