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China braces for economic shock as coronavirus death toll passes 300

Michael Smith
Michael SmithHealth editor
Updated

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Shanghai |  China's central bank at the weekend announced a raft of stimulus measures aimed at cushioning the world's second-largest economy from the coronavirus, which has forced the country to shut down its main manufacturing hubs and much of its business for at least three weeks.

China's financial markets on Monday reopen for the first time since the outbreak, which is expected to have already cost the country's services sector alone 1 trillion yuan ($215 billion).

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/world/asia/china-braces-for-economic-shock-as-coronavirus-death-toll-passes-300-20200202-p53wz2