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21-03-2020 China’s experience shows right policies make difference in fighting COVID-19

The success in containing the coronavirus comes at the price of slowing economic activity and to implement strict mobility constraints, both at the national and local level, specially in Hubei Province.
The authorities also quickly arranged subsidized credit to support scaling up the production of health equipment and other critical activities involved in the outbreak response, which has been helpful. The Chinese authorities stepped in early to backstop interbank markets and provide financial support to firms under pressure.

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