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China allocates almost $4 bln to fight coronavirus outbreak

30 January 2020 11:41 (UTC +04:00)

China’s financial agencies at all levels have allocated a total of 27.3 billion yuan (about $3.96 billion) to fight the outbreak of pneumonia caused by the novel coronavirus in the country, the Chinese Ministry of Finance said on Thursday, APA reports citing TASS.

"Financial agencies at all levels actively support efforts to prevent and counter the outbreak," the ministry said in a statement. "As of 17:00 local time [noon Moscow time] of January 29, a total of 27.3 billion yuan has already been allocated at all levels."

According to latest reports, the number of confirmed cases of novel coronavirus in China has reached 7,711. A total of 170 people have died.