Palestine Economy Portal.

The Chinese central bank announced on Sunday that it will pump 1.2 trillion yuan ($ 173 billion) into the economy to support efforts to combat the Corona virus, which is expected to negatively affect growth in the giant Asian country.

The People's Bank of China announced in a statement that it will launch the operation on Monday after the end of the Chinese New Year holiday, which was extended due to the spread of the virus, noting that this step aims to maintain "reasonable and abundant liquidity" in the banking system and on a stable currency market.