China’s central bank has met with the country’s finance ministry and banking regulator to discuss financial support for efforts to contain the coronavirus outbreak, emphasizing flexible monetary policy as Beijing seeks to bring the Chinese economy back online.
The People’s Bank of China said in a statement it had both met and teleconferenced with the Ministry of Finance and China Banking Regulatory Commission on Tuesday to discuss financial support for epidemic prevention and control.
The central bank said greater focus would be placed on “appropriately flexible” monetary policy, that it would ensure ample liquidity and that financing should be boosted for areas and sectors hardest hit by the outbreak, particularly small businesses.
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