China to subsidize interest payments for some firms hit by virus outbreak - state media

BEIJING, Feb 3 (Reuters) - China's finance ministry will give subsidies on interest payments for some firms hit by a spreading coronavirus outbreak, state-run newspaper Guangming Daily reported on Monday.

The subsidies will be based on 50% of the interest rate on loans make by the central bank to support firms hit by the epidemic, for a period no longer than a year, the newspaper said.

(Reporting by Kevin Yao; Editing by Kim Coghill)

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