The Chinese government's move to inject liquidity into financial markets amid an outbreak of coronavirus was applauded and supported by international financial agencies around the world.
The World Bank tweeted on Monday, "The Chinese authorities have policy space to respond & have announced a sizeable injection of liquidity, which should help mitigate the costs of economic growth."
In a statement on Twitter on Monday, Kristalina Georgieva, managing director of the International Monetary Fund, said: "We support China's efforts to respond, including recent fiscal, monetary, and financial actions. We are confident that China's economy remains resilient."
China's central bank announced it would inject 1.2 trillion yuan ($174 billion) worth of liquidity into the markets on Monday to ensure economic stabilization.
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