PBOC to Offer First Batch of Special Lending Funds on Monday
- Re-lending funds aimed at businesses hit by the virus outbreak
- Economists continue to downgrade their China growth forecasts
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China’s central bank will provide the first batch of special re-lending funds for combating the coronavirus on Monday and will offer the facility weekly to banks later this month.
The move comes as the virus outbreak continues to hammer retail spending and industrial production and as economists continue to downgrade their growth forecasts as a result.