Logo 30 Apr 2020

PBSC steps up support for Hubei

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On Wednesday, Xi Jinping chaired a meeting of the Politburo Standing Committee (PBSC).
The focus: Supporting the Hubei economy.
Some context: Being the epicenter of the epidemic, Hubei’s GDP contracted 39.2% y/y in the first quarter.
Some more context:

At roughly USD 650 billion, Hubei’s ...