May 6, 2020 / 11:44 AM / a month ago

China's Xi says coronavirus prevention and control still faces great uncertainty

FILE PHOTO: A woman wearing a protective mask is seen past a portrait of Chinese President Xi Jinping on a street as the country is hit by an outbreak of the coronavirus, in Shanghai, China March 12, 2020. REUTERS/Aly Song

BEIJING (Reuters) - China’s coronavirus prevention and control still faces great uncertainty, president Xi Jinping was quoted as saying on Wednesday, as the cabinet plans more measures to alleviate firms’ tax burdens and boost credit support.

In a separate cabinet meeting led by premier Li Keqiang on Wednesday, the government said it will support banks to issue more unsecured loans, while extending loan and interest payment forbearance for firms who keep staff, state television reported.

Reporting by Yawen Chen, Yew Lun Tian, Cheng Leng; Editing by Andrew Heavens

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