China central bank says coronavirus impact on economy will be temporary

7 February 2020
2020-02-07 14:40

China's central bank said on Friday that the impact from the coronavirus outbreak will be temporary and the country's economy remains resilient. Vice governor of Chinese central bank said at a news conference that the economy will return quickly to potential output after the epidemic is brought under control. The central bank said China is fully confident and capable of coping with any possible impact from the outbreak, which has killed more than 600 people and infected tens of thousands.

The death toll from the coronavirus outbreak in mainland China reached 636 on Friday with 73 more deaths recorded from the previous day and 3,143 new confirmed infections, bringing the total to 31,161 cases, the National Health Commission said. China has vowed repeatedly to be open and transparent in dealing with the situation.

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