China braces for inevitable big hit to economy from Covid-19, says Xi | Malay Mail

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China braces for inevitable big hit to economy from Covid-19, says Xi | Malay Mail
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BEIJING, Feb 23 — China will step up policy adjustments to help cushion the blow on the economy from a coronavirus outbreak that authorities are still trying to control, President Xi Jinping was quoted as saying today. The situation is showing a positive trend after arduous efforts but there is...

Sunday, 23 Feb 2020 09:40 PM MYT

The situation is showing a positive trend after arduous efforts but there is no room for “weariness and relaxed mentality” among officials, state television quoted him as saying. Chinese policymakers have implemented a raft of measures to support an economy jolted by the virus, which is expected to have a devastating impact on first-quarter growth.

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