Lian, Vice Head at China’s National Reforms and Development Commission, the country’s state planner, came out on the wires in the last minutes, announcing additional measures to help combat the negative economic impact of the rapidly-spreading coronavirus. Government has told medical face mask manufacturers to expand capacity, excess supply will be bought back as govt reserves Arranged for 10,000 tonnes of frozen pork to be released to Wuhan whenever necessary There is increasing downward economic impact due to virus outbreak, especially for consumption. Economic impact from virus outbreak will be short-term. Fully capable and confident of minimising economic impact from the virus outbreak. Will make and introduce hedging policies to offset economic impact, help most vulnerable companies. Separately, China’s Commerce Ministry Official said that they are guiding medium and small businesses to reopen as soon as possible to increase basic services such as food and shopping. China’s Industrial Profits plunge 6.3% YoY in Dec USD/CNH at 2020 high as China re-opens with weak data, rate cuts amid coronavirus China stocks crash nearly 9% as full markets return, the slump already priced-in? FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s Lane: Central bank is on track toward its 2% inflation goal – Bloomberg FX Street 2 years Lian, Vice Head at China’s National Reforms and Development Commission, the country’s state planner, came out on the wires in the last minutes, announcing additional measures to help combat the negative economic impact of the rapidly-spreading coronavirus. Government has told medical face mask manufacturers to expand capacity, excess supply will be bought back as govt reserves Arranged for 10,000 tonnes of frozen pork to be released to Wuhan whenever necessary There is increasing downward economic impact due to virus outbreak, especially for consumption. Economic impact from virus outbreak will be short-term. Fully capable and confident of minimising economic impact… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
