Make Kitco Your Homepage

Epidemic impact on China's economy controllable despite added pressure: central bank

Kitco News

HONG KONG (Reuters) - The impact of the coronavirus epidemic on China’s economy is generally controllable and the fundamentals remain resilient, the country’s central bank said in a statement on Friday.

Domestic economy is facing increasing downward pressure while the spreading of the virus elsewhere is bad for world economy, the central bank said after it held its first quarter meeting.

Reporting by Meg Shen and Twinnie Siue; Editing by Catherine Evans

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.