China extends increased financial support to virus-hit small & medium enterprises

China extends increased financial support to virus-hit small & medium enterprises

China offered more support to coronavirus-hit small and medium enterprises.

Officials said the country will increase financial support to reduce impact of the virus.

China's central bank announced a 1 trillion yuan of special re-lending funds.

China's ministry of finance said it will allow the local governments to further increase bonds in 2020.

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