$344 Billion to fight the virus

04:21, 26 March 2020

More money to fight the Corona pandemic

Today China decided to make its move against virus related economic influences. 

One of the Foreign Ministers said on Thursday that the government wants to take fiscal measures in its war against the outbreak. 

Up until now, they spent approximately $141 Billion on tax reductions, and liquidity releases. Add to this today’s $344 Billion, which is approximately 2.5% of their GDP, less than most hard-hit European economies.

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Sources: reuters.com, uk.finance.yahoo.com

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