World News

China’s premier says no effort will be spared to help small firms survive

BEIJING (Reuters) – Premier Li Keqiang said on Friday that China will spare no effort to help small, medium-sized and private businesses to survive, as the world’s second-largest economy is jolted by the coronavirus crisis.

The fiscal and monetary policies that have been rolled out should be more targeted to small companies, Li said, according to a statement posted on the cabinet’s website.

(Reporting by Lusha Zhang and Kevin Yao; Editing by Kevin Liffey)