China: Fighting the coronavirus with a fiscal-monetary policy combination

//China: Fighting the coronavirus with a fiscal-monetary policy combination

With an official name of NCP (Novel Coronavirus Pneumonia), the Chinese government has initiated more fiscal stimulus and monetary easing to combat the effects of the virus. These are specific measures. They are different from the usual broad-based policies that are used when there is a need to support the overall economy. Fiscal policies Fiscal policies include tax concessions on companies that are directly affected by the NCP, eg, tourism and catering. Companies that manufacture medical supplies and medicines are exempted from taxes and are allowed to receive subsidies from the government. Monetary policies Apart … (full story)

2020-02-10T11:57:20+00:00