China's Economic Growth Strategy under the Covid-19
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As the coronavirus sweeps the world, many places have experienced a different level of destruction and gave the corresponding solution. Some show significant improvement in spurring economic growth. The central role in the government's response has been to lower interbank interest rates. The one-year interbank rate fell to 2.25% at the end of March, the weakest since December 2009. This is a time when the effects of the Lehman crisis remain deep. The one-month rate fell to around 1.8%, down one percentage point from close to 3% at the end of 2019. To reduce the impact of COVID-19 on the national economy, the government has implemented a series of plans and actively implemented them.
Covid-19, Economic growth, Government countermeasures