China: billions against Corona virus | centrally plus

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China’s central bank wants to support the fight against the novel corona virus with the equivalent of around CHF 42 billion. Companies that contribute to the prevention and containment of the disease should receive loans from next week, as the central bank said on Sunday. The money flows to banks in ten provinces and cities, which are then to decide on the granting of the loans. In China, more than 40,000 people have contracted the Corona virus and more than 900 people have died. The death toll is higher than in the Sars epidemic in 2002 and 2003.

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