February 15, 2020 / 2:47 PM / a month ago

China's finance ministry issues $1.2 billion in funds for epidemic control efforts

Statues with face masks on are seen amid snow in Wuhan, the epicentre of the novel coronavirus outbreak, in Hubei province, China February 15, 2020. China Daily via REUTERS

BEIJING/SHANGHAI (Reuters) - China’s finance ministry on Saturday issued 8 billion yuan ($1.15 billion) in subsidy funds to support local authorities’ epidemic control efforts, 3.5 billion yuan of which are earmarked for Hubei province, the epicentre of the outbreak.

To date, 90.15 billion yuan in funds has been arranged by various finance authorities for coronavirus control efforts, the Ministry of Finance said in a statement published on its website.

($1 = 6.9859 Chinese yuan renminbi)

Reporting by Huizhong Wu and Brenda Goh; Editing by Christina Fincher

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