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China central bank official calls for stepped-up global policy coordination

China, where the coronavirus outbreak originated late last year in the central city of Wuhan, is widely expected to see its economy contract in the first quarter.

Xi jinping, china, coronavirus
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Chinese President Xi Jinping visits Wuhan, the outbreak’s epicentre

Reuters
A Chinese central bank official called on Sunday for stepped up global policy coordination to manage the economic impact of the coronavirus pandemic, and said Beijing's recent policy measures were gaining traction while it had capacity for further action.

Chen Yulu, a deputy governor at the People's Bank of China (PBOC), also told a news conference that PBOC Governor Yi Gang had exchanged views with U.S. Federal Reserve Chairman Jerome Powell, the International Monetary Fund and other agencies.

China, where the virus outbreak originated late last year in the central city of Wuhan, is widely expected to see its economy