Drop in China's new coronavirus cases; none in Hubei for sixth day via Rover829 yanchun_liu Follow the latest news on coronavirus with our live blog:
People wearing face masks ride their scooters and walk on a street following an outbreak of the coronavirus disease , in Beijing, China March 30, 2020. REUTERS/Carlos Garcia Rawlins
On Monday, the Chinese central bank unexpectedly cut the interest rate on reverse repurchase agreements by 20 basis points, the largest in nearly five years. The country could adopt new policies to stimulate demand for automobiles, a key industry still grappling with difficulties, he added. State media quoted Xi as urging firms to resume operations even as the virus battle continues, during a visit on Sunday to Ningbo, a major port city in the eastern province of Zhejiang.While the number of new infections has fallen sharply from February’s peak, authorities worry about a second wave of infections triggered by returning Chinese, many of them students.
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