Economics
China, Asia Bulk Up Economy Defenses Against Virus Ahead of G-20
- IMF urges ‘coordinated’ steps as finance leaders prepare talks
- Chinese minister signals extra stimulus amid Politburo stance
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China, Hong Kong and Singapore are pledging extra fiscal stimulus to counter the economic hit from the coronavirus, which will lead the agenda of the world’s top finance officials this week.
While the International Monetary Fund is calling for coordinated global action, there’s no clear picture on what that might entail. That puts the onus on governments for the time being, including Chinese authorities already squeezed by a trade war with the U.S.