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Picture: ISTOCK
Picture: ISTOCK

China’s central bank took its first concrete steps to cushion the economy in the wake of the coronavirus outbreak.

It has cut interest rates of reverse repurchase agreements while injecting a large amount of liquidity into the banking system.

Martyn Davies from Deloitte joined Business Day TV to discuss China’s response.

China's central bank has unexpectedly cut reverse repo rates to help the economy, as the coronavirus spreads. Deloitte's Martyn Davies talks to Business Day TV about the decision.

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