BUSINESS Chinese policy bank offers emergency loan for Wuhan epidemic control

BUSINESS

Chinese policy bank offers emergency loan for Wuhan epidemic control

Xinhua

08:17, January 25, 2020

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(Photo: Xinhua)

BEIJING, Jan. 24 (Xinhua) -- The China Development Bank, one of the country's major policy banks, offered emergency loans worth 2 billion yuan (about 288.3 million US dollars) Friday to Wuhan for prevention and control of the novel coronavirus (2019-nCoV).

The fund was approved and paid in a fast-track manner, and will be used for medical aid, emergency equipment, disease treatment, epidemic control and other fields in Wuhan, the capital city of central China's Hubei Province and the center of the 2019-nCoV outbreak.

The country's finance ministry Thursday allocated a total of 1 billion yuan to support Hubei's battle against 2019-nCoV.


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